London developers call for emergency measures in office space squeeze

London's largest developers are urging the government to implement emergency measures to address a critical office space shortage that threatens economic growth. The London Property Alliance (LPA) highlights a loss of 14 million sq ft of office space since 2018, with vacancy rates in the West End plummeting to 0.8%. The LPA projects a shortfall of nearly 11 million sq ft in central London over the next five years, warning that without sufficient office space, the capital risks constraining its economic success. They advocate for offices to be designated as critical economic infrastructure to unlock potential growth.