{"id":19776,"date":"2026-04-22T18:07:22","date_gmt":"2026-04-22T18:07:22","guid":{"rendered":"https:\/\/www.europesays.com\/britain\/19776\/"},"modified":"2026-04-22T18:07:22","modified_gmt":"2026-04-22T18:07:22","slug":"tech-firms-sign-for-400000-sq-ft-of-london-office-space-in-a-month","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/britain\/19776\/","title":{"rendered":"Tech firms sign for 400,000 sq ft of London office space in a month"},"content":{"rendered":"<p>\t\t\tWednesday 22 April 2026 1:24 pm<br \/>\n\t\t\t\t\t\u00a0|\u00a0\u00a0Updated:\u00a0<\/p>\n<p>\t\t\tWednesday 22 April 2026 3:26 pm\n\t<\/p>\n<p><img width=\"742\" height=\"495\" src=\"https:\/\/www.europesays.com\/britain\/wp-content\/uploads\/2026\/04\/1153534502-1-1.webp\" class=\"media \" alt=\"Demand for central London office space is through the roof\" fetchpriority=\"high\" loading=\"eager\" decoding=\"sync\"  \/>\t\tDemand for central London office space is sky high\t<\/p>\n<p>AI firms have signed for nearly 400,000 sq ft of London office space in under a month, in the biggest rush of tech leasing the capital has seen in a generation.<\/p>\n<p>Anthropic confirmed this week it has taken 158,000 sq ft at One Triton Square near Euston in a deal with <a href=\"https:\/\/www.britishland.com\/news\/q4-trading-update\/\" id=\"https:\/\/www.britishland.com\/news\/q4-trading-update\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">British Land<\/a> and Royal London Asset Management, with capacity for up to 800 people.<\/p>\n<p>The Claude-owner currently employs over 200 staff in its London offices, and is offering engineer salaries reaching \u00a3630,000 a year.<\/p>\n<p>The handshake lands just days after OpenAI signed for 88,500 sq ft in King\u2019s Cross \u2013 its first permanent UK office \u2013 and weeks after Databricks <a href=\"https:\/\/www.cityam.com\/databricks-commits-850m-in-vote-of-confidence-for-uk-tech\/\" id=\"https:\/\/www.cityam.com\/databricks-commits-850m-in-vote-of-confidence-for-uk-tech\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">quadrupled its London footprint <\/a>with a 137,000 sq ft headquarters in Fitzrovia, part of an $850m UK investment pledge.<\/p>\n<p>Mike Wiseman, British Land\u2019s head of campuses, said the company was \u201coverwhelmed with new demand for AI-related businesses growing in London\u201d.<\/p>\n<p>\t\tVacancy hits record lows<\/p>\n<p>The leasing spree is hitting a market already under severe supply pressure, with prime office vacancy in both the City and the West end falling below one per cent, against a long-term average of seven to eight per cent.<\/p>\n<p>Meanwhile, prime City rents are up 46 per cent since 2020, with West End rents rising 68 per cent over six years, according to Knight Frank.<\/p>\n<p>CBRE executive director Chris Vydra said AI firms were coming to London over any other European hub. \u201cNot Berlin or Paris\u201d, he said, \u201cthey come to London first\u201d.<\/p>\n<p>He added that funding levels behind today\u2019s AI companies \u201care so well funded\u2026 billions more than what we saw in the dotcom era\u201d.<\/p>\n<p>\t\t\t\t\tRead more<\/p>\n<p>\t\t\t<a class=\"read-more__link\" href=\"https:\/\/www.cityam.com\/costar-data-shows-london-office-construction-at-record-high-as-nyc-sees-sharp-decline\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">CoStar Data Shows London Office Construction at Record High as NYC Sees Sharp Decline<\/a><\/p>\n<p>Developer Helical on Wednesday received planning permission for a new 55,000 sq ft office in Farringdon, in partnership with Places for London, directly citing the resurgence in tech occupier demand.<\/p>\n<p>All three major AI firms have concentrated in the same north London corridor, brushing shoulders with existing tenants Google Deepmind, Meta, Synthesia and Wayve.<\/p>\n<p>Speed of expansion alarms and excites landlords<\/p>\n<p>Agents have argued that AI companies are expanding their London footprint far quicker than any previous wave of tech occupiers.<\/p>\n<p>Firms typically begin in flexible co-working spaces before moving into more conventional offices of 20,000 to 30,000 sq ft within just 18 to 24 months.<\/p>\n<p>\u201cAlmost before we\u2019ve signed the licence, they\u2019re saying they could be 50 to 100 people by next year\u201d, said Mike Gedye, CBRE\u2019s head of tech, media, and telecoms.<\/p>\n<p>Landsec reported its flexible workspace at King\u2019s Cross had signed over ten AI and tech firms in under six months.<\/p>\n<p>Mike Prew, managing director at Jefferies, warned that AI-driven job losses could trigger a repeat of the post-dotcom office slump, when rents dropped 30 per cent and millions of square feet were vacated.<\/p>\n<p>Deutsche Bank analysts have flagged automation and white-collar roles as rising risks for property investors.<\/p>\n<p>But landlords have pushed back on the pessimism. \u201cTech advances like this haven\u2019t killed white-collar jobs before\u201d, said Nick Montgomery from Schroders.<\/p>\n<p>\t\t\t\t\tRead more<\/p>\n<p>\t\t\t<a class=\"read-more__link\" href=\"https:\/\/www.cityam.com\/uk-bets-on-east-london-hub-to-anchor-next-phase-of-innovation\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">UK bets on East London hub to anchor next phase of innovation<\/a><\/p>\n<p>\t\tSimilarly tagged content: <\/p>\n<p>\t\t\tSections\t\t<\/p>\n<p>\t\t\tCategories\t\t<\/p>\n<p>\t\t\tPeople &amp; Organisations\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Wednesday 22 April 2026 1:24 pm \u00a0|\u00a0\u00a0Updated:\u00a0 Wednesday 22 April 2026 3:26 pm Demand for central London office&hellip;\n","protected":false},"author":2,"featured_media":19777,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[9123,3424,2096,9124,633,9125,6099,27,5299,5301,18,5302,9126,4166,1422],"class_list":{"0":"post-19776","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-london","8":"tag-ai-firm","9":"tag-anthropic","10":"tag-artificial-intelligence","11":"tag-british-land","12":"tag-business","13":"tag-claude-owner","14":"tag-kings-cross","15":"tag-london","16":"tag-london-office","17":"tag-london-office-space","18":"tag-news","19":"tag-office","20":"tag-office-development","21":"tag-royal-london-asset-management","22":"tag-uk-tech"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/116449695687026952","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/19776","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=19776"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/19776\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/19777"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=19776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=19776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=19776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}