Real estate firm Knight Frank has created a new tech team , tasked with tapping into the demand in the UK from digital firms looking for London office space . The new division will also act as a " test bed for innovation " , identifying and trialling new technologies and practices that will eventually be adopted by the wider market . That compares with the eight million sq ft taken up by financial services firms since 2011, and the 5.6m sq ft acquired by lawyers and accountants. This comes as the dramatic increases being observed in the prices of office space are preventing tech - based startups from establishing themselves around Old Street , otherwise known as ' The Roundabout ' ; according to research by UHY Hacker Young , the number of startups operating in this area in down a third against last year .
Real estate firm Knight Frank has created a new tech team , tasked with tapping into the demand in the UK from digital firms looking for London office space . The new division will also act as a " test bed for innovation " , identifying and trialling new technologies and practices that will eventually be adopted by the wider market . This comes as the dramatic increases being observed in the prices of office space are preventing tech - based startups from establishing themselves around Old Street , otherwise known as ' The Roundabout ' ; according to research by UHY Hacker Young , the number of startups operating in this area in down a third against last year .