Green Street Advisors

 

 

BNN Interviews Hemant Kotak on Brexit’s Impact on London Office

Business News Network (BNN) interviewed Green Street Managing Director Hemant Kotak about Brexit’s impact on London office real estate. A special Green Street report published prior to the Brexit vote projecting that London office prices could drop up to 20% within three years of Brexit. “We would expect to see a falloff in the number of jobs in London and moving out to other areas – possibly Paris, Frankfurt and Dublin,” Kotak says, “As much of 15% of the jobs in London’s financial tenant base could be moved away to these locations, and there could also be a small impact on the business and professional firms that support the financial sector.”