Financial Times FT.com

Clouds gather over Canary Wharf

By Daniel Thomas and Chris Hughes in London

Published: November 14 2008 21:00 | Last updated: November 14 2008 21:00

Canary Wharf is facing the threat of rapidly emptying office blocks as big corporate tenants review their property needs after the wave of bank mergers triggered by the financial crisis.

Nearly 2m sq ft of office space in the Docklands financial centre – or more than 10 per cent of the district – is in danger of being deserted as demand for new space falls across London.

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