An article in Property Life in last weeks EG, titled "Developers left with that empty feeling", put forward the concerns surrounding developer activity in the current market. The possibility arose that although the "credit crisis" has yet to crack developers confidence, there is the growing prospect that a faster paced demolition rate on many schemes is now occuring. It appears that developers are flattening thier buildings at a faster rate in an attempt to impress prospective tenants, and show that their site is cleared and ready to go. The article identified that this could lead to a vast number of vacant lots across London, especially in the City. Is occupier demand likely to fall low enough for this to become a reality?
