MCKAY / MAY 2018 /
26
0
1
20
15
10
5
0
2
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
sq ft
Number
of schemes
sq ft (million)
Constrained development
pipeline will limit choice
50
Pipeline
below 5 year
average
%
•
South East office
development
cycle peak largely
absorbed and
pipeline now
constrained
Source: BNP Paribas
