TSP hosts ‘Back to Work’ rooftop evening: A toast to the past and a cheers to the future

On Wednesday 4th September, TSP hosted a celebratory rooftop evening in the heart of Central London at Coq D’Argent. As the Real Estate industry gears up for the fourth quarter, there’s no better way to mark the occasion than with a night of camaraderie.

So, what have we learnt from the beginning of 2024, up until now? And what can we expect for the tail-end of 2024, and for 2025? Zac Goodman gives his insight.

2024 – what a year! Tell us one of your highlights.

The Bank of England finally cutting base rate to 5%!!!

What do you anticipate for the tail-end of 2024?

I think many will be focused on the Autumn budget and the US elections. Back in the real world I expect to see both increased activity in the occupational and capital markets. Both have been subdued for a considerable amount of time and I sense that businesses are in ‘let’s get on with it’ mode.

What are your predictions for 2025?

My predictions for 2025 are ‘things can only get better’. I think that 2025 will be the year that the economy starts to heal itself. In property specifically, I expect to see the office market begin an upward trend after four years in the doldrums. This will be led by some knockout rents in the ‘best in class’ segment of the market, and will trickle down to the rest of the market which is rapidly transitioning into a service led hospitality sector.

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