BNN Interviews Hemant Kotak on Brexit’s Impact on London Office

Business News Network (BNN) interviewed Green Street Managing Director Hemant Kotak about Brexit’s impact on London office real estate. A special Green Street report published prior to the Brexit vote projecting that London office prices could drop up to 20% within three years of Brexit. “We would expect to see a falloff in the number of jobs in London and moving out to other areas – possibly Paris, Frankfurt and Dublin,” Kotak says, “As much of 15% of the jobs in London’s financial tenant base could be moved away to these locations, and there could also be a small impact on the business and professional firms that support the financial sector.” Learn more in this 6-minute video clip.