Popular on eTradeWire
- EZsolutions and Savify Partner to Deliver AI-Powered Online and Digital Solutions to Over 500,000 U.S. Businesses - 340
- K9 Technology President Files a Lawsuit Against Google LLC - 251
- BK Adventure Celebrates 10 Years of Glow: Join the Year-Long Celebration! - 212
- NCYS Names Distinguished Sports Leaders to Officer Positions for 2025 - 197
- Premium workspaces with exceptional hospitality to fuel your growth. Where professionals thrive - 185
- Uriel Medrano Joins RE1 Advisor as Property Manager/Realtor - 180
- The Perfect Book for Your Child's First Lost Tooth! - 178
- CROW receives funding to rebuild Sea Turtle Complex post Hurricane Ian - 160
- Pet Professional Guild Announces Corporate Partnership with the Phenix Advocacy Center - 154
- Vocs AI Announces Three Groundbreaking Features to Revolutionize AI Voice Generation - 144
Similar on eTradeWire
- Tracy Pina Real Estate Expands Market Presence in Silicon Valley
- Merritt Island Florida Waterfront Retirement Community
- Florida Waterfront Manufactured Home Sale!
- Maui Luxury Team Celebrates the Maui Whale Festival!
- Home is where the heart is - Valentine's Day Sale!
- Innovative Construction Sets New Standard for Safety in Waterfront Living
- Introduction to Project Giveback: A Nationwide Initiative
- Real Estate Pro Teams Up with Cash Investors for Faster Home Deals
- NetCo Investments Announces Sale of Burger King at Poka Lambro Shopping Center in Lubbock, TX
- Lubbock Breakfast Sold as Part of Poka Lambro Shopping Center in Lubbock, TX
Kitt Report Explores 35% Decline in London Lease Lengths Since 2019
eTradeWire News/10767731
Dramatic Change in Commercial Office Landscape Causes Irreversible Shift
LONDON - eTradeWire -- Kitt, a managed office operator that partners with tenants, brokers and landlords to provide personalised office design and experiences, published its first report on London's real estate market this week.
The report, featuring a panel of subject matter experts from the London real estate industry, delves into the 35% decline in London lease lengths on sub-10,000 square foot floor plates since 2019. It posits that asset ownership in London has undergone an irreversible shift due to tenants' growing preference for short leases and experience-led spaces.
This decline is accelerating, with a 20% decrease in lease lengths from 2022 to 2023 alone.
More on eTradeWire News
"We work with a number of asset owners who have felt the effects of changing consumer demand since COVID-19," said Lucy Minton, co-founder and COO of Kitt. "The most successful asset owners in coming years will take advantage of the flight to quality and transform their buildings into high-end products. Those that don't, unfortunately, risk being left behind."
Kitt partners with landlords to offer elevated office experiences to tenants of all sizes. Since launching in 2019, Kitt has worked with over 120 tenants across London, positioning itself as the best of serviced and traditional offices. Kitt manages over 140,000 square feet of prime office space in London, catering to esteemed clients such as Oatly, Zayo and Handshake. Learn more about Kitt at https://www.kittoffices.com/en/.
The report, featuring a panel of subject matter experts from the London real estate industry, delves into the 35% decline in London lease lengths on sub-10,000 square foot floor plates since 2019. It posits that asset ownership in London has undergone an irreversible shift due to tenants' growing preference for short leases and experience-led spaces.
This decline is accelerating, with a 20% decrease in lease lengths from 2022 to 2023 alone.
More on eTradeWire News
- First Bancorp of Indiana, Inc. Announces Financial Results - December 31, 2024
- Celebrate National Margarita Day Feb. 22 with local Margaritaville properties
- Bad Boy Is in Turmoil! What was Behind the Scenes of the Life of Biggie Smalls and Music Industry
- Studio+ names Rachel Hunter principal of the Tampa office
- ROC Announces Sponsorship of Lake Oswego High School Ski Team
"We work with a number of asset owners who have felt the effects of changing consumer demand since COVID-19," said Lucy Minton, co-founder and COO of Kitt. "The most successful asset owners in coming years will take advantage of the flight to quality and transform their buildings into high-end products. Those that don't, unfortunately, risk being left behind."
Kitt partners with landlords to offer elevated office experiences to tenants of all sizes. Since launching in 2019, Kitt has worked with over 120 tenants across London, positioning itself as the best of serviced and traditional offices. Kitt manages over 140,000 square feet of prime office space in London, catering to esteemed clients such as Oatly, Zayo and Handshake. Learn more about Kitt at https://www.kittoffices.com/en/.
Source: Kitt Offices
Filed Under: Real Estate
0 Comments
Latest on eTradeWire News
- Can I Establish Paternity If The Father Is Deceased?
- Amirakal Marketing Podcast kicks off 2025 with Drew Sidora Interview
- Dementia Beyond Drugs & Disease Symposium – March 6, 2025
- Association Headquarters Welcomes Sam Leone as New President
- Custom Woodworker Partners with Internet Marketing Company
- A Better Technology Approach for Government Agencies
- MotiveMetrics Announces Leadership Addition and Boston Expansion
- Arthur G. Russell Co., Inc. Shaping Automation for 80 Years
- Kansas City Edges Philadelphia On Mahomes TD Pass With 0:15 Left In Strat-O-Matic Simulation
- Not Accessible: Affording a Dignified Life on California's Central Coast
- The Most Reliable Cars, Trucks, EVs, Minivans & SUVs of 2025
- 14th annual Race of the Runways for Rotary 5k Run/Walk set for Saturday, February 22nd, 2025
- Talent Concierge Artists Agency Welcomes Emily Williams to Its Elite Roster of Talent
- Mounarath Powell Dance presents "rem[EMBER]"
- 2nd Annual Caring for the Cape event raises $162,450 for expanded health and wellness programs
- Harlem Fine Arts Show Returns for 17th Year, Celebrating the African Diaspora
- January 2025 Jobs Report Highlights Persistent Racial Disparities Amid Modest Labor Market Gains
- Catholic Community Foundation Grant Propels Ongoing (and Future) Success at Chosen Inc. of Wisconsin
- Aries Industries Announces New Maryland/Delaware Dealer
- Introducing the American Federation Dollar (AFD): Gold-Backed Digital Currency Transforming Global