UK banking giant Barclays is looking to sublease more than half a million square feet of office space in London as large firms continue to cut back on office requirements.
Barclays has appointed JLL to market 560K SF at 5 North Colonnade in Canary Wharf that it has now vacated, React News reported. It is relocating investment banking staff to its 1M SF HQ at nearby 1 Churchill Place in a process that was announced in 2021.
Barclays has a lease on the empty space that runs until 2032, and it will be subleased at £20-£30 per SF, React said. 
Canary Wharf has…
Source: Barclays Joins List Of Companies Dumping Space With 500K SF London Exit