Rental growth will continue to offer Central London office investment performance in 07/08 [electronic resource]
Rental growth will continue to offer Central London office investment performance in 07/08 [electronic resource]
- London Knight Frank 2007
Predicts that: prime headline rents in the City will increase by 13.6% to £62 50 per sq ft by end Q4 2007 and by a further 8.0% by end of 2008 to £67 50 per sq ft (Q4 2006: £55 00 per sq ft); prime headline rents in the core West End will increase by 16.7% to £105 00 per sq ft by end Q4 2007 and then stabilise throughout 2008 (Q4 2006: £90 00 per sq ft); West End rental growth opportunities will primarily be outside the core in 2008. 2006 saw Victoria benefit from increased rental growth. In 2008, north of Oxford Street will benefit in response to the quality and volume of available supply; and expansion driven demand in the corporate and financial sector will lead to positive net absorption across Central London
LONDON
Predicts that: prime headline rents in the City will increase by 13.6% to £62 50 per sq ft by end Q4 2007 and by a further 8.0% by end of 2008 to £67 50 per sq ft (Q4 2006: £55 00 per sq ft); prime headline rents in the core West End will increase by 16.7% to £105 00 per sq ft by end Q4 2007 and then stabilise throughout 2008 (Q4 2006: £90 00 per sq ft); West End rental growth opportunities will primarily be outside the core in 2008. 2006 saw Victoria benefit from increased rental growth. In 2008, north of Oxford Street will benefit in response to the quality and volume of available supply; and expansion driven demand in the corporate and financial sector will lead to positive net absorption across Central London
LONDON