Economic and Real Estate Insights Report: strengthening the data and insights toolkit for HOLBA members.

Heart of London Business Alliance is excited to share a first of its kind quarterly Economic and Real Estate Insights Report which provides an in-depth look at the performance of real estate in the Heart of London area.  

It includes: 

  • Economic performance of the HOLBA area, benchmarked against the wider central London area. 
  • Venue distribution and performance insights across commercial, hotel, office, entertainment, leisure and culture spaces. 
  • Market insights including key building developments. 

This report, combined with our monthly and annual Area Performance Reports makes for a unique and valuable data set and information source for our members, stakeholders, and investors, as well as a critical tool in HOLBA’s commitment to protect and promote the commercial and cultural wellbeing of London’s West End.

Click here to read the report. 

Sign up to access HOLBA data and insights.  

A few key takeaways from the report include: 

  • The HOL area represents 20% of the West End’s GVA while only covering 12.8% of the area. 
  • 91% of the estimated 8.1m square foot net office space in the HOLBA area is currently occupied, 96% of which have Minimum Energy Efficiency Standards (MEES) ratings of E or higher. 
  • Hotel occupancy levels are forecast to recover to 2019 (pre-pandemic) levels by Q4 2024.