Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-While competitors on a global scale, London and New York’s commercial real estate markets share a similar economic driver: media and technology. As Manhattan continues to emerge as the Silicon Valley of the East, London is also diversifying its tenant base, seeing a rise in activity from non-financial services tenants in the wake of the Eurozone crisis, Digby Flower, partner and head of London markets at Cushman & Wakefield, explains to GlobeSt.com.

“The London market, post-Lehman and the credit crunch, bounced back quickly, and 2010 was really a record year in terms of take-up,” he says during a visit to C&W’s Manhattan offices on Sept. 10. “But that very quickly switched off as we came into 2011 with the Eurozone crisis, so the market has become a lot more subdued since then.” 

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.