The amount of unlet office space in the City and Canary Wharf is set to double to 10% over the next year as a glut of new buildings without tenants come on the market, research reveals. The Times
The latest half-yearly London construction report from Drivers Jonas, the property agents, advises developers to be braced for a 'tidal wave' of new unlet space equivalent to 14 Swiss Re 'Gherkin' skyscraper buildings coming on to the market between now and 2011.