Originally Posted by
YacozA
I was wondering if this is a fall in banking demand, or if the transfers out of Wharf would impact this?
Deutsche has centralised on-top of Crossrail. HSBC is moving to the City (mind you their demand is mostly DUS). I don't think the American banks in the Wharf target operations in FRA as much as European banks.
Even from Canary Wharf, Heathrow is a less hideous prospect than it once was thanks to Crossrail. City's USP was always going to be hurt a bit by Crossrail and I think the gradual shift from BA away from business hubs towards places that upper middle class people like to go on holiday shows this.