The City of London is in a constant state of evolution. From its origins as the world’s financial heart to its expanding role as a hub for diverse industries, it has always adapted to the changing needs of businesses. I attended the launch of 1 Finsbury Avenue, a newly refurbished 30,570 sq ft workspace with a 1,442 sq ft private terrace, developed by British Land.
This development is part of a wider shift across the City—one where flexibility, sustainability, and workplace experience lead modern office design.
The days of rigid office spaces are gone. Businesses now expect highly flexible, well-connected workplaces that support hybrid working, collaboration, and employee wellbeing. This shift has fuelled a wave of new developments and refurbishments, with landlords responding to demand for best-in-class office environments.
Brookfield Properties, British Land, Landsec, and others are shaping the City core’s next phase. Whether through large-scale masterplans or high-quality refurbishments, the focus is on future-proofing office spaces to meet evolving business needs.
Broadgate: A Case Study in Transformation
1 Finsbury Avenue is part of Broadgate, an area that has undergone a remarkable reinvention. Once known for financial and legal occupiers, it now hosts a broader mix of businesses, including those in tech, creative industries, and professional services.
This diversification is reflected in major leasing deals over the past 12 months, highlighting demand for high-quality office space:
• Akin Gump Strauss Hauer & Feld LLP has taken 77,000 sq ft at 155 Bishopsgate on a 15-year lease.
• Citadel has pre-let over 250,000 sq ft at 2 Finsbury Avenue, with an option to expand by 130,000 sq ft.
• A&O Shearman has expanded its future footprint at 1 Broadgate, securing an additional 100,000 sq ft.
The same transformation is happening across the Square Mile, from Brookfield’s London Wall Place to major schemes around Bishopsgate and St Paul’s.
Placemaking: The New Office Standard
This shift isn’t just about new buildings—it’s about creating places for people. Offices are no longer isolated workspaces but part of a broader ecosystem of retail, leisure, and public spaces. The result? A City that isn’t just a place to work but a place to thrive.
The Road Ahead for the City
Despite economic challenges, demand for high-quality, well-located office space remains strong. Occupiers are prioritising sustainability, premium amenities, and excellent transport connections—factors driving continued investment in the City. With developers delivering refurbishments, redevelopments, and new-build schemes, the City’s commercial core is evolving yet again.
As the City continues to adapt, one thing remains certain—the future of work belongs to those who embrace change.
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