One third of London’s high earners slept in the office or a nearby hotel in the week, according to a new survey.
The survey from property advisors GVA Grimley claims that commuting is the biggest concern for London-based workers.
One in 10 of those surveyed says they avoid travel problems by living in a London-based flat or hotel during the week rather than their family home.
But despite the transport problems, London-based employees do not see home-working as an alternative. Over three-quarters - 77 per cent - of those surveyed are able to work from home but only 13 per cent do so more than once a month.
Stephen Robinson, senior partner at GVA Grimley, said, “The poor state of London’s public transport creates a dilemma for many city-based employers. The congestion and high rents are constraining their use of space but the intensifying war for talent means that they must provide a high-quality working environment or risk losing valuable staff to their competitors.”
According to the survey, the average time it takes a high earner to commute is nearly three hours each way. 86 per cent of the 200 lawyers, bankers, consultants and media professionals surveyed travel by public transport.