New office construction starts have fallen to their lowest level for at least 15 years, as developers pause for breath amid economic uncertainty and the persistently high cost of debt and construction.
Analysis
High borrowing and building costs drive UK office construction starts to a record low
Construction activity has fallen by more than 3 million square feet over the last year, but forward-looking data suggests a turnaround may be imminent
CoStar Analytics
June 2, 2025 | 8:41 AM
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IN THIS ARTICLE
- Properties
- Kadans Life Science Tower
North Quay, London, LND