London’s Shard tower opens with empty floors, flat rents

Thursday, 5 July 2012, 0:21 | Europe, WORLD, Yahoo | 1 Comment | Read 522 Times

A window cleaner cleans works outside the 14th floor during a news conference at the Shard in LondonLONDON (Reuters) – Superstar architect Rienzo Piano calls the European Union's new tallest building a "vertical city", but when his stunning Shard tower opens on Thursday over London Bridge it will house the equivalent of a whole vacant neighbourhood. The elongated glass pyramid, built atop a train station in a scruffy neighbourhood near the Thames, will open with 26 floors of vacant office space, and developers have to fill it at a time when rents are at the flattest in at least 50 years. …

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