City of London projects put on hold
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More bad news I’m afraid even in the city of London many construction projects have been mothballed or left unfinished as a standoff begins between renter and landlord with some commercial rents being too high.
The euro zone crisis has affected rents on the sky scrapers in the city the Shard, Cheese Grater and the Walkie talkie are all not let, this is another downer for the construction industry.
This period of uncertainty continues to dampen the demand for new large commercial projects this reflects the ongoing uncertainty but speculation and history tells us that many recession’s end can see a boom but not quite yet.