The global commercial property market is beginning to improve, one expert has claimed, which might be of benefit to those looking for office space to rent.
Brett White, chief executive at real estate consultancy CB Richard Ellis Group (CBRE), told the Financial Times: "Virtually all global economies are in early stages of recovery and others such as China are in full-blown expansion phase, and [so] the majority of property markets are either flat or slightly improved."
He added that occupiers are more optimistic about mid to long-term prospects and rents are rising in 48 out of the 55 markets in Europe tracked by CBRE.
This could mean that companies find themselves in the position to benefit from new opportunities, such as more office space to rent.
The market for lease terms is normalising, Mr White also noted, which is generally a forecaster of future job growth.
Recently, business secretary Vince Cable told UK banks that they must increase lending to small businesses, which might improve financial support for firms looking to rent serviced offices.
