Oxford Street sees a staggering half a million pedestrians a day walk its famous pavements, and with nearly 170 buses an hour rumbling down the street, alongside endless ranks of taxis, it’s no surprise that it bears the title “Europe’s busiest street”. Thankfully, it has been car free between 7am and 7pm every day for a long time. However, news on the block is that mayor Sadiq Khan wants to ban vehicles altogether as soon as 2020.

With the United Kingdom boldly pledging to reduce nationwide emissions by 40% by 2030, and buildings contributing to 12% of current emissions, it comes as no surprise that focus is on property to become more environmentally friendly. To help achieve this goal, Minimum Energy Efficiency standards has said that any property with an efficiency rating of F or G will be illegal to let for any new leases after 1st April 2018, and from 1st April 2023 for existing leases.

Fitzrovia, also known as Noho, has always been a popular area for fashion companies who appreciate the characterful and quirky buildings the area has to offer. The mix of houses includes concrete, mews and modern glass buildings. Due to its desirable location and amenities, a range of companies naturally want to make it their home.

Over the last few weeks, the question on everyone’s lips: “What does Brexit mean for me as I look for a new office?”

The Crown Estate is one of London’s biggest landlords, owning Regent Street and much of St James’. The portfolio is currently at its highest value in the company’s history, at a huge £11.5 billion, which is a 16% increase from 2014. The portfolio benefits from having desirable properties: all the retail units in the West End are currently let.

Since the vote to leave the European Union, UK property shares have been hit hard, and hedge funds have been joining in on the action by taking out large short positions on them. Companies such as Great Portland Estates and Derwent London have some of the best development pipelines in Central London, however since Brexit this has had a negative impact and their share prices have fallen by as much as 30%.

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The change in permitted development rights that now allows landlords to convert office space to residential space was implemented in order to ease the housing crisis in London. However, an unpredicted consequence of the amendment has been an increasing shortage of offices. Companies suffering the most from this lack of office space are small business and start-ups that need flexible terms, smaller floor plans, and are often located in fringe areas due to lower rent and rates.

A report commissions by Office Space in Town has predicted that the UK serviced office could be worth a staggering £126 billion by 2025. The report, carried out by professors and academics from leading British Universities, suggests that the sector’s value could increase anywhere from £62 billion to an optimistic £126 billion, in the next 9 years. It also indicates that the sector is currently undervalued by 20% – £3 billion – due to a lack of proper valuation frameworks for serviced offices.

Overall investment volumes in UK real estate were down just under 40% in Q1 2016 compared to Q1 2015. According to Morgan Pryce’s Director Fraser Williams, “The central London office market has also seen a slow down over the last year in terms of investment and uptake, with rental levels dropping off and conditions becoming more favorable for tenants. This is likely due to global economic instability, recently accentuated by uncertainty over the EU referendum.