Probably because once the building is developed they sell it to investors. It’s very strange but they believe the demand will be there so to the developers and investors that buy the building, it’s not an issue, but it really should since brexit will affect the London real estate market.
Bryant If you don't build any housing, you can be sure that no one will be moving in. Instead the mega wealthy will now buy where normal people live, driving up costs and commute times for everyone.
For some of these, it seems like it would make sense to have a mixture of hotel, commercial, residential and office space. The planners really should have pushed for this, in fact, as the developers might have been able to pencil out a fair amount of affordable units if they'd offered regulatory incentives.
Because that's the standard unit of measurement for construction and real estate industry. I don't think FT were responsible for measuring the commercial square footage of the Gherkin.
The City offers excellent transport connections with the Thameslink expansion and the Crossrail project finishing up soon. There will be takers for sure.
We need so much less space than we used to due to being computer based instead of paper based, yet we have more office space than ever. Logic would dictate a lowering of rents, balanced by a greater amount of working space for each individual. But that's not how the world works, so instead rents continue to climb, companies downsize their office space, and huge amounts of space will get left unoccupied. Even if the offices don't get occupied, just owning the space is a way for the super wealthy to store their money.
A year on and more skyscrapers are going up. I don't mind at all but affordable housing is a bit of an issue across the entire country that needs to be addressed.
The space is expensive. It's a good location for offices, hotels , restaurants ect so I'm sure they can fill it just maybe not at the price the owners want.
Generally when there are too many cranes in business districts it announces a property/economic crisis ... due to how cyclical property developers are despite always claiming to be counter cyclical. That being said, it is not easy to be counter cyclical when you benchmark against competitors who all think the same way and when HR for everybody as soon as a crisis hits ... which is when you should start looking for investments if you are truly counter cyclical! Also, Brexit will have a disastrous effect on City and Canary Wharf as banks have already moved small teams to Paris and Frankfurt and are making plans to move most of the rest if they lose EU passporting. Astonishing that May thinks that banks will stay when they have already started to leave.
Why don't they build when there is demand rather than the other way around? Dubai is having the same problem lots of skyscrapers that nobody wants also too many hotels
china building 70% of the whole skyscrapers in the world every year only one city in china build more skyscrapers than united state and australia combined
your point being? It's actually thought that a city building loads of skyscrapers is a really bad sign since it's a bubble and it'll eventually pop and all come crashing down like with the Dotcom Bubble
it's not bias. brexit will affect Britain's economy either you're against or not... and foreign companies that have their european headquarters in the UK will likely move (at least some of them). Personally i don't care, but you can't deny simple economics just because you voted to leave...
its not bias, its reality now look at the state of the London economy today nearly 1 trillion worth of asset have already left London, to go to Frankfurt, Amsterdam, Dublin and many other cities.
So first they build the skyscrapers, and then they start thinkin' 'bout who should move into 'em? Makes sense...
Bit like these VC funded startups. Raise money, then think about business/revenue plan.
Absolute madness!!
Probably because once the building is developed they sell it to investors. It’s very strange but they believe the demand will be there so to the developers and investors that buy the building, it’s not an issue, but it really should since brexit will affect the London real estate market.
Yes, Also Interesting How We Build more Luxurious Commercial Buildings than we Build Our Homes.
Weird!, Madness.
Never mind...the homeless can move in.
I'll move in their the homeless can stay in my room
Like they did at centre point.
and immigrants.
Make them mixed use! Mixed use!!
Dylan A nobody wants to live in this neighborhood
It would still be crazy unaffordable for the public
Remy 91 many thousands of people already do live in this neighbourhood
Bryant If you don't build any housing, you can be sure that no one will be moving in. Instead the mega wealthy will now buy where normal people live, driving up costs and commute times for everyone.
Build more affordable housing FFS!!
Maybe inviting in hordes of refugees was a stupid idea after all. lol
AAron Thom agree with you!
For some of these, it seems like it would make sense to have a mixture of hotel, commercial, residential and office space. The planners really should have pushed for this, in fact, as the developers might have been able to pencil out a fair amount of affordable units if they'd offered regulatory incentives.
Why did I just watch a video using sq ft as measurement?
Because that's the standard unit of measurement for construction and real estate industry. I don't think FT were responsible for measuring the commercial square footage of the Gherkin.
Michael-Francis Polios In America maybe.
The City offers excellent transport connections with the Thameslink expansion and the Crossrail project finishing up soon. There will be takers for sure.
on an unrelated note we have 300,000 homeless people...
Guess who's going to get stuck with the bill after the corporations abscond?
I love the way London's skyscrapers look!
Why does one of the London's Skyscraper look like a giant Vibrator? Is it for your Queen?
it was built 20 years ago did you just see it? have you been living in a cave?
The financial sector won't move anywhere as "The City of London" (The Square Mile) is independent from London itself and it is a tax haven.
Claiming it is a tax haven is factually incorrect
ThePp12345678 Yeah it's not a tax haven
And they talk about a housing crisis for our generation.
Crazy how centralised business is to London compared to Manchester and Birmingham
We need so much less space than we used to due to being computer based instead of paper based, yet we have more office space than ever. Logic would dictate a lowering of rents, balanced by a greater amount of working space for each individual. But that's not how the world works, so instead rents continue to climb, companies downsize their office space, and huge amounts of space will get left unoccupied. Even if the offices don't get occupied, just owning the space is a way for the super wealthy to store their money.
The number of scammers and rotschilds per square feet in those building could be astronomical :D
Nice quality great animation
A year on and more skyscrapers are going up. I don't mind at all but affordable housing is a bit of an issue across the entire country that needs to be addressed.
The space is expensive.
It's a good location for offices, hotels , restaurants ect so I'm sure they can fill it just maybe not at the price the owners want.
You used Swiss francs at the end of the video. It's absolutely not the currency used in France
Why is Anglesey missing from the map?
Generally when there are too many cranes in business districts it announces a property/economic crisis ... due to how cyclical property developers are despite always claiming to be counter cyclical. That being said, it is not easy to be counter cyclical when you benchmark against competitors who all think the same way and when HR for everybody as soon as a crisis hits ... which is when you should start looking for investments if you are truly counter cyclical!
Also, Brexit will have a disastrous effect on City and Canary Wharf as banks have already moved small teams to Paris and Frankfurt and are making plans to move most of the rest if they lose EU passporting. Astonishing that May thinks that banks will stay when they have already started to leave.
2:20 Wow, thats a really huge lake in western Europe.
Switzerland is not in the EU
2:19 where's Sicily?
Why don't they build when there is demand rather than the other way around? Dubai is having the same problem lots of skyscrapers that nobody wants also too many hotels
wow you destroyed your skyline
They are designed to move the poor out by raising the value
The City of London is likely to become more residential as the number of digital nomads increase rapidly.
the Crimson Permanent Assurance is looking to expand
Fill them up with Insurance execs then hire Madonna. Tell her she can live the dream.
Lemmy!
Umm... but why are British skyscrapers so ugly?
Nicholas Hinckley They aren't
Nicholas Hinckley they are unique
Unique- a nice way of saying ugly! Uniquely ugly!
i agree, they look unique but are ugly AF and i love skyscrapers.
Ruairi Moore unique things are generally retarded.
so much space
tall people
😂
Crows and pigeons.
I will move in
Before Brexit london was the hub of international companies now they will relocate to Luxembourg or Frankfurt
Or dublin or Amsterdam
They are Wellcome. 😉
Hope I will find a place for me in London than I can afford.
"The Scalpel"
Names more and more amusing..................................
Make skyscrapers great again !
Stop the skyscrapers
filling by SPECULATOR.
#backtorealeconomy
Foreign investors
London trying to br nyc
London is amazing
BreXit. Not "Bregzit". You could do with elocution lessons, pal.
The gap between the haves and the have nots can be measured in proliferation of ugly, high architecture.
My favorite is the cheese 🧀 skyscraper
Those buildings look like British teeth
Abigail Sockeye ... are you American ?
Abigail Sockeye have you got false ones ? Teeth and jumper spuds
world is changing
Refugees, what its meant to built for
china building 70% of the whole skyscrapers in the world every year
only one city in china build more skyscrapers than united state and australia combined
your point being? It's actually thought that a city building loads of skyscrapers is a really bad sign since it's a bubble and it'll eventually pop and all come crashing down like with the Dotcom Bubble
Ofc the space will be fillen
Ugly skyscrapers
Waste of money
Or wework 😂😜
Indian elites
So boring narrative! Nice numbers and nice story, but presented pretty poorly.
All built from colonial loot.
always got to get your brexit bias in. pathetic
it's not bias. brexit will affect Britain's economy either you're against or not... and foreign companies that have their european headquarters in the UK will likely move (at least some of them). Personally i don't care, but you can't deny simple economics just because you voted to leave...
its not bias, its reality now look at the state of the London economy today nearly 1 trillion worth of asset have already left London, to go to Frankfurt, Amsterdam, Dublin and many other cities.
This report guy has such big nose 👃!!
Londons skyscrapers are sure the ugliest in the entire world