Interest in London office space raised by 6% in the very first 3 months of the year, together with the largest shortfall in more than 30 years expected to result in a significant increase in rental prices next couple of years.
The most notable increase since 1980 will be felt in the city due to a lack of fresh developments and also increasing demand. It’s lead to the cost of rent in a few locations increasingly drastically.
Rental prices inside the City of London are up 17.5% and rental prices within the West End are up 19% since the very first quarter of 2010. Rents are required to reach £100 for every sq ft in certain locations from the year 2013 along with property owners are expected to lessen lease rewards, therefore occupiers need to take into account their possibilities very carefully.
In case your rent is due to run out soon, Official Space will let you chose the best London office rental. With a variety of London serviced offices readily available across the city within prime places such as the West End, City of London as well as central London, together with offices for between 1 – 500 people, they could help you find the perfect foundation for your organization.
