London’s locked-down streets were quieter than ever during 2020.
The “race for space” (from a residential, if not commercial perspective), the rise of virtual and the volatile employment market made for an uncertain future. The success of home working, London’s dependence on public transport and general economic uncertainty led many organisations to delay real estate decisions. The resulting impact proved fatal for many small businesses which relied on the footfall of London’s previously burgeoning office market.
But London is nothing if not resilient and some 18 months on from the start of the pandemic, it is on its way back, but arguably with a greater appreciation of community.
Click here to read this article, which was first published in EG.
Disclaimer
This information is for educational purposes only and does not constitute legal advice. It is recommended that specific professional advice is sought before acting on any of the information given. © Shoosmiths LLP 2024.