End of Year Property Boom

In its analysis of the central London office market in the third quarter, Knight Frank noted a 29% increase in take up and predicted a significant volume of space let in the final three months. What is encouraging is that availability has continued to fall as second hand space was absorbed while prime space remains thin. And development activity remains constrained. The improvement is across the board in all business districts with, for example, the vacancy rate in Docklands declining to 7.3%, or a total of 148,640 sq.metres. Docklands also has the lowest prime rents at £387.36 a sq.metre. The investment market has stable yields across the City and West End in a third quarter where foreign buyers dominated. The vacancy rate in the City and West End are higher at 9.2% and 8% respectively.

The London Commercial Property Register

The London Commercial Property Register is a leading UK business property publication from Martin Austen Publishing. The aim of the publication is to offer a simple and effective means of finding Offices Space in London, Serviced Offices in London and commercial property in London. You can also find the latest commercial property news for the London region.