New office buildings in London are going up at a rate 18% higher than six months ago. A number of city skyscrapers are currently being built, including 100 Bishopsgate, the new home of Royal Bank of Canada.
Recent research also revealed that investment volumes in UK commercial property are set to pass £70bn in 2015, which is the highest amount on record.
Questions to be asked are has the commercial property market reached its natural peak and is booming London construction leaving the capital further detatched from the rest of the UK?
Construction work in central London is at its highest level since the financial crisis as the technology industry drives an economic boom in the city. New office buildings in the centre of the capital are going up at a rate 18% higher than six months ago, according to a report by Deloitte Real Estate. There are now 77 office schemes under construction covering 11.1m sq ft the most since 2008.