Property Pain From Canary Wharf to Mainhattan - samt mysiga Barkarby

From London’s Canary Wharf to Paris’s La Defense, high-rise financial districts have been hit hard and it’s about to get worse

Banks and other prime tenants are looking to make going to the office more desirable as part of a post-pandemic reset, and instead of giant glass and steel towers styled after Wall Street, they’re opting for smaller sites in locations closer to shops and restaurants.

All new major developments in Europe follow some aspect of the trend — from Barkarkby outside Stockholm and Ellinikon near Athens to the redevelopment of Tegel airport in Berlin and Milan’s former Expo center.

https://barkarby.se/

Bloomberg 27 July 2023

https://www.bloomberg.com/news/features/2023-07-27/financial-districts-from-paris-to-london-keep-losing-tenants-as-banks-move-out