Research published by the British Council for Offices (BCO) has suggested that 13.3 million square feet of London office space could be lost to office-to-residential conversions carried out under permitted development rights.
The figure includes 7.5 million square feet of office space in the capital that has already been converted into homes since the rights were introduced in 2013.
Permitted Development Rights: One Year on From Permanence, carried out by property consultants CBRE for the BCO, states that while Bristol, Birmingham and Leeds have all experienced high levels of notifications to local councils, London remains the city most affected, with 36 per cent of all notifications in the capital.
A higher proportion of notifications have been converted in London compared with the rest of England, with 57 per cent implemented, compared with an estimated national average of 50 per cent.
Source: Planning Portal News
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