Insights
07 May 2025
As published in CoStar on 02 May 2025.
Dilapidations have climbed rapidly up the asset management agenda. In 2014, shorter leases, fierce acquisition activity and a post-recession focus on recovering value drove a 24% increase in dilapidations instructions across London.
Today, with 32 million sq ft of London office space due to reach lease expiry in 2025–26 - 23% more than in 2023–24 - those lessons are more relevant than ever. But the environment is now far more complex. Regulatory scrutiny is greater, market conditions are tighter, and the cost of getting it wrong is higher. The need for expert advice has never been stronger.
Read Mark Hampson's article in CoStar news: https://www.costar.com/article/1867468947/dilapidations-in-2025-the-clock-is-ticking