FinTech has helped the wave of office take-up in London which occurred in November, despite fears on the country sector following Brexit.
Office take-up in Central London during November increased by 31%, to 0.9 square feet. This represents a 5% increase on November 2018, according to real estate company CBRE.
Banking and finance companies were responsible for the largest proportion of this, with the sector representing 31% of the total new office space. Digital bank Monzo was responsible for the largest office acquisition, purchasing 120,000 square feet at Broadwalk House.
The creative industry accounted for the second largest office take-up, representing 19% of the new residents.
CBRE head of UK commercial research Kevin McCauley said, ?Consistent growth in the FinTech sector has been a notable feature in the London economy over the past few years, which has converted into a surge of office take-up in the last month. Overall demand remains strong, with an evidently healthy appetite for central London office space characterising the end of the year.p>
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