Tech firms sign for 400,000 sq ft of London office space in a month

cityam04-22 20:24

AI firms have signed for nearly 400,000 sq ft of London office space in under a month, in the biggest rush of tech leasing the capital has seen in a generation.Anthropic confirmed this week it has ...

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href=https://www.cityam.com/tech-firms-sign-for-400000-sq-ft-of-london-office-space-in-a-month/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AI firms have signed for nearly 400,000 sq ft of London office space in under a month, in the biggest rush of tech leasing the capital has seen in a generation.Anthropic confirmed this week it has ...</p>\n\n<a href=\"https://www.cityam.com/tech-firms-sign-for-400000-sq-ft-of-london-office-space-in-a-month/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"UFO","symbol_name":"Procure Space 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the City and the West end falling below one per cent, against a long-term average of seven to eight per cent.Meanwhile, prime City rents are up 46 per cent since 2020, with West End rents rising 68 per cent over six years, according to Knight Frank.CBRE executive director Chris Vydra said AI firms were coming to London over any other European hub. “Not Berlin or Paris”, he said, “they come to London first”.He added that funding levels behind today’s AI companies tend to “dwarf anything we saw in the dotcom era”.","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"UFO":"Procure Space ETF","ARKX":"ARK Space Exploration & Innovation ETF","BK4564":"太空概念","BK4544":"ARK ETF合集"},"translate_title":"科技公司一个月内签约伦敦40万平方英尺办公空间","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UFO":1.5,"ARKX":1.5},"content_text":"AI firms have signed for nearly 400,000 sq ft of London office space in under a month, in the biggest rush of tech leasing the capital has seen in a generation.Anthropic confirmed this week it has taken 158,000 sq ft at One Triton Square near Euston in a deal with British Land and Royal London Asset Management, with capacity for up to 800 people.The Claude-owner currently employs over 200 staff in its London offices, and is offering engineer salaries reaching £630,000 a year.The handshake lands just days after OpenAI signed for 88,500 sq ft in King’s Cross – its first permanent UK office – and weeks after Databricks quadrupled its London footprint with a 137,000 sq ft headquarters in Fitzrovia, part of an $850m UK investment pledge.\n\nMike Wiseman, British Land’s head of campuses, said the company was “overwhelmed with new demand for AI-related businesses growing in London”.\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nVacancy hits record lowsThe leasing spree is hitting a market already under severe supply pressure, with prime office vacancy in both the City and the West end falling below one per cent, against a long-term average of seven to eight per cent.Meanwhile, prime City rents are up 46 per cent since 2020, with West End rents rising 68 per cent over six years, according to Knight Frank.CBRE executive director Chris Vydra said AI firms were coming to London over any other European hub. “Not Berlin or Paris”, he said, “they come to London first”.\n\nHe added that funding levels behind today’s AI companies tend to “dwarf anything we saw in the dotcom 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