Central London offices 'outperformed rest of UK in December'
Central London offices were the strongest commercial property sector in 2011.

Such is the conclusion of a new CB Richard Ellis Monthly Index, which revealed total returns reached 12.7 per cent for offices in the centre of the capital.

Across the UK as a whole, annual total returns for all commercial property hit more than eight per cent, with the figure for offices standing at 9.2 per cent for the year and 0.5 per cent for December.

Last month, however, returns for central London offices were 0.8 per cent.

M25 and outer London offices were less successful, experiencing total returns over December of 0.1 per cent. Offices across the rest of the UK delivered zero per cent returns. Annual returns for outer London and M25 offices stood at 4.8 per cent.

Central London's West End is proving particularly popular with investors, helping boost rents for offices here by 7.9 per cent year-on-year during the final quarter of 2011, separate figures showed.

The average rent therefore hit £102.50 per sq ft, Cushman & Wakefield recently reported.

Posted by John Evans

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