It’s terrible news that shops are closing down all over the country, but we don’t need an ugly word for the process
I have never felt the need to address the subject of estate agents. True, theirs is a despised calling, as my daughter discovered when she briefly became one and had instant pariah status bestowed on her. But reading about the lack of office space in the City, I began to share some of the revulsion.
According to Mat Oakley, the head of commercial property research at Savills: “It is going to be a very tough year for office tenants. If you’ve bought into wellness and ESG [environmental, social and governance] and productivity, you obviously want the best of the best – you want accessible buildings, you want buildings that your staff can work flexibly.” I think, reading between the lines, this means that clients want the most space for the least amount of money.
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