The regeneration of Oxford Street will hinge on updating 3.8 million square feet of outdated office space in the surrounding area that is nearing obsolescence if London is to attract leading businesses and increase footfall, according to the Westminster Property Association.
Updating old office stock near Oxford Street could generate £17.2 billion of prime capital value
Avoiding 3.8 million square feet of potential obsolescence would boost footfall to the famous shopping street, says WPA
CoStar News
May 11, 2026 | 1:10 P.M.
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IN THIS ARTICLE
- Companies
- Knight Frank LLP
Real Estate
- Contacts
- James Raynor
CEO of Grosvenor International Property, Grosvenor Group Ltd