Demand for office space is high all over the UK but in particular London, where more and more companies are looking for commercial spaces in the capital. A new development or should I say redevelopment by a well-known property firm that is being built in central London should benefit central London office cleaning companies.
The new commercial complex being built in Covent Garden will consist mainly of Grade A office spaces. The project is a redevelopment by Legal & General Property and it will cost the company £65 million making it the biggest project of its kind in this particular area in 2012.
In total 55,000 sq ft are being built with a focus not only in catering for the growing demand of office spaces in the area but also with great emphasis on sustainability. For starters bicycle units and showering facilities are being implemented to encourage workers to cycle to work.
This is great news for office cleaning companies providing their services in central London where the market seems to be saturated due to the lack of office spaces in the area. But new developments such as this one from L&G is giving new hopes for London office cleaning companies which are already working hard to secure future contracts once these new buildings are ready.
While office cleaning companies are working hard to provide competitive quotes for their services, the demand for property is becoming so intense that property market analysts are predicting that rents would spiral due to such high demand and lack of new office space.