Increasingly the question being asked is: can the London office market keep up the pace of expansion? At the moment it is a golden scenario in which confidence is running high and developers, together with investment funds, many of them foreign, are prepared to transform large parts of the UK capital.
What is different about this latest boom is the presence of top architects in designing buildings and the willingness of planners to allow building upwards. As we all know, 200 towers are planned for London, many along a swathe of riverside that stretches form London Bridge to Battersea. That means a profound change in the structure of London, apart from the increase in density and the consequential pressure on transport, community and medical facilities.
It is interesting to reflect on historical views that insisted that the substructure in London would not allow for tall buildings and it was not possible to build tunnels south of the river. Well, all that is happening.
The way foreign investors view London and the rapid growth of the TMT sector as well as the continued strength of financial services indicates a continuation of the rapid changes in the metropolis.