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Serviced office market in London 'on the up' 9th August 2010

Offices to rent in London have seen a growth of 0.8 per cent since the start of the year compared to a fall of one per cent by the wider market.

According to CB Richard Ellis's latest Monthly Index, values of central London offices grew by 0.3 per cent in July.

Offices were the strongest performing sector in the commercial property market with total returns of 1.2 per cent and a capital uplift of 0.7 per cent, largely as a result of central London's figures.

The outer London/M25 and rest of the UK regions, however, registered negative movement in capital values for the first time since the market began to recover a year ago.

And businesses looking to move to a new serviced office might wish to consider the data when choosing a location.

Recently, a report from Jones Lang LaSalle showed office take-up in Europe increased by six percentage points from the previous quarter and is up by 34 per cent compared to the same period last year.
 

 

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