Real estate firm Knight Frank has created a new tech team, tasked with tapping into the demand in the London from digital firms looking for UK office space. The new division will also act as a "test bed for innovation", identifying and trialling new technologies and practices that could eventually be adopted by the wider business. The new division will also act as a “test bed for innovation”, identifying and trialling new technologies and practices that could eventually be adopted by the wider business, Knight Frank said. This comes as the dramatic increases being observed in the prices of office space are prohibiting tech-based startups from establishing themselves around Old Street , otherwise known as 'Silicon Roundabout'; according to research firm Tech London Advocates , the number of startups operating in this area in down roughly a third against 2011 .
Real estate firm Knight Frank has created a new tech team, tasked with tapping into the demand in the London from digital firms looking for UK office space. The new division will also act as a "test bed for innovation", identifying and trialling new technologies and practices that could eventually be adopted by the wider business. This comes as the dramatic increases being observed in the prices of office space are prohibiting tech-based startups from establishing themselves around Old Street , otherwise known as 'Silicon Roundabout'; according to research firm Tech London Advocates , the number of startups operating in this area in down roughly a third against 2011 .