The number of central London offices being converted into homes under permitted development rights has dropped sharply in the last year, figures from Colliers International show.
With the oversupply of high-end residential property, office space is looking more promising, according to the company’s director and co-head of London offices, David Hanrahan.
Vacancy rates in the offices market have increased since the June referendum, but remain significantly below trend, Colliers said.
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