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 could eventually be adopted by the wider business. "We are very excited about this opportunity to work on behalf of our clients across all sectors – including financial services, retail, hospitality, technology and telecom," said David Jones, chief executive at Knight Frank.
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 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 UHY Hacker Young, the number of startups operating in this area in down a third against last year.