As the trading environment in the UK improves, more financial services companies are looking to take up
central London offices.
According to a new study, demand for such business space increased during the first quarter of 2011.
The Royal Institution of Chartered Surveyors UK Commercial Market Survey found that during this three-month period, demand for
central London offices climbed from 17 per cent to 39 per cent.
Such popularity was also contributed to the ancillary professional service sector.
"The latest results suggest that
London offices are outperforming all other markets, with rental expectations increasing at the fastest pace since Q3 2007," the report noted.
It added that a shortage of space and high levels of demand have supported the predicted lift in rents.
Commercial property companies - perhaps encouraged by the news - appeared to also be popular with investors on the FTSE 100 this morning (May 10th).
As of 09:01 BST, British Land was up by 0.42 per cent, while Land Securities had risen by 0.46 per cent.
Posted by Sarah Dudley
News provided by Adfero in collaboration with Mellersh & Harding. Please note that all copy belongs to (c)Adfero Ltd and does not reflect the views or opinions of Mellersh & Harding unless explicitly stated.
Back