While this imposing commercial development may have become as recognisable as landmark buildings such as the Gherkin – helped no doubt by regular appearances in the media and on popular TV shows such as The Apprentice – the report says that all 575,000 sq. ft. of the skyscrapers office space remains officially “To Let” – despite it being only weeks away from opening its doors.
More traditionally, large scale developments like The Shard would look to pre-let around a third of the office space available before beginning construction – a tradition that The Shard’s developer Irvine Sellar broke with.
The report also highlights the levels of pre-let office space at other high profile developments adding to the London skyline:
Office space let
- The Cheesegrater: 33%
- Heron Tower: 30%
- Walkie Talkie: 8%
- The Shard: 0%
The current situation could however look rather different – if a previous pre-let agreement brokered with Transport for London in 2006 to take 190,000 sq. ft. (33% of the office space available), had not been cancelled by the developer.