• Property marketing in a changing environment

    The commercial property market is facing big changes – BP last week announcing the sale of its head office in St James’s to scale down is a consequence of new working behaviours and, one suspects, the tip of the iceberg. There may well be an avalanche to follow. This is not to say that commercial offices are a thing of the past, it will no doubt just see a pattern of downscaling with partial home working and hot desking being very much the norm. This may mean there will be a lot of activity in the rental market once businesses have acknowledged and accepted a new way of working for their staff. While that may mean there are a lot of potential tenants out there, there may also be a lot of lettable property available. Therefore, the competition will once again be fierce to attract client attention.