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CoStar: London office construction tops New York by record 10 million sq. ft

PUBT·04/15/2026 11:07:27
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CoStar: London office construction tops New York by record 10 million sq. ft
  • CoStar data showed London office construction pipeline hit record lead over New York City in second half 2025.
  • London had more than 16 million sq. ft. under construction at end-2025, versus 5.7 million sq. ft. in New York City.
  • New York City office construction dropped sharply from 2018 peak, leaving one of lowest quarterly totals this century by end-2025.
  • CoStar flagged tighter financing discipline in New York, with new projects increasingly tied to pre-leasing and anchor-tenant commitments.
  • Preliminary first-quarter 2026 data indicated London construction slipped below 16 million sq. ft., with further declines expected through 2027.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CoStar Group Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202604150707BIZWIRE_USPR_____20260415_BW582253) on April 15, 2026, and is solely responsible for the information contained therein.