The generalised adoption of remote work has significantly reshaped the landscape of the office real estate market worldwide. London, as a global business hub, has also experienced significant shifts in office space demand and in its rental dynamics due to the rise of remote and hybrid work. In this article, we’ll explore the impact of remote work on London office rentals, analysing key trends, challenges, and opportunities for office-based companies.

Remote Work in London: Key Facts and Figures

• In early 2024, a survey found that 59% of Londoners worked remotely to some extent.

• London has had the 9th highest increase in the number of remote / hybrid job postings since 2020, and the total share of remote job postings for the capital city is around 13% of all advertised positions. 
• Data from the Office for National Statistics confirm that London has the highest amount of remote workers in the UK, with 4 in 10 working from home as opposed to a national average of 2 in 10. 
• In 2023, the average worker in London went to the office 2 days per week as opposed to 4-5 days pre-pandemic. 
• Companies in the city’s professional services sector are the most likely to adopt fully remote or hybrid work practices.

Next, let’s look at how the figures above translate into office real estate trends within the city.