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Canary (Wharf) in the coalmine?

Prime office valuations have proved resilient throughout the pandemic. Could this be starting to change?
Canary (Wharf) in the coalmine?
  • Canary Wharf block sold at a cut price
  • Deal raises fresh questions for office valuations

Since Monday, people in England have been urged by the government to work from home “if they can”, as part of a series of measures to limit the spread of the Omicron coronavirus variant. As a result, offices are set to finish the year where they began: largely empty.

The advice hasn’t stopped dealmakers from working, however, even when the deal in question involves a major London office.

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