Why is the London office market still booming despite Brexit?

By Ashi Patel 2019-02-25T15:46:00

Source: Shutterstock/ Engel Ching

The London office leasing market ended 2018 on a high, even with all the uncertainty over Brexit. The city currently stands in third place behind Hong Kong and Tokyo as the world’s most expensive office market.

As impressive as it is that Hong Kong has retained its position, there are clear signs of the office rental market in the territory softening. Leasing demand has continued to dissipate due to a declining economy, rising interest rates and trade tensions between the US and China.

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