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OUT WITH THE OLD, IN WITH THE NEW?

BNPP RE UK launches new media tech report

A major research report published by BNP Paribas Real Estate into the occupational requirements of media and technology businesses in London reveals that while the sector is growing in confidence, it is also becoming more diverse and has suffered its share of growing pains.

 

Media tech Video teaser - picture

 To download a copy of the report, please click here.

 

The ‘Media Tech London’ report highlights that Southbank, Shoreditch, Soho, Seven Dials, Smithfields and the Square Mile are the preferred London locations for Media and Technology businesses, suggesting that the ‘Tech City’ is not a phenomenon limited to just the City Fringe but ssssspread out amongst London locations, coincidentally those beginning with ‘S’ seem to be most popular.

 

The report also predicts that the Media Tech sector will generate 28,000 jobs by 2017, possibly requiring around 2.8 million sq ft of additional office accommodation, the equivalent of nine new Aldgate Towers. The report also looked at how and where Media Tech businesses are occupying office space in London.

 

The BNP Paribas Real Estate report also looks at the difference in the occupational requirements of ‘Old School Media Tech’ companies - those in publishing, media and broadcasting, telecoms, classic PR firms, graphic design companies and hardware developers – and the ‘New School’ companies - app developers, web-based services, software developers, IT services and digital marketing agencies.

 

NEw-OLD-MEdia TEch

 

Another surprising finding from the Media Tech London report was the overwhelming lean towards fixed desks for both the old school and new school businesses. Despite the trend in corporate real estate towards hot-desking, this is not popular amongst the Media Tech sector, although break out areas are very important.

 

BNP Paribas Real Estate is the leading adviser for the UK media tech sector having recently represented News Corporation, Reed Elsevier and Angry Birds as well as being involved in recent Google and Amazon deals and is currently advising on a number of other media tech requirements.

 

To download a copy of the presentation, please click here.

 

To download a copy of the report, please click here.

 

If you would like to request a one-to-one presentation with one of BNP Paribas Real Estate’s experts, please do not hesitate to contact Dan or David on the details above.

Your Contacts

Dan Bayley

Dan Bayley
London City Agency
Letting & sales
+44 (0) 20 7338 4444 

Contact

David Herzog

David Herzog
West End agency
Letting & sales
+44 (0)20 7338 4292

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