Survey London
Survey London
- 2011
- EuroProperty 8 August 2011, 17-21(5) .
Central London development turned around dramatically in H1 2011 with 25 new schemes under construction and dwindling supply of prime office space in 2012-2013. Rising take-up and rents mean that the central London office market will continue its cyclical recovery over the next two to three years with its long-term outlook positive because of inadequate supply of new schemes to satisfy long-term take-up. Currently rental growth is stalling but investors are not being attracted to subprime. Transport links' developments are boosting sub-markets The financial sector will need 1.6m sq ft of additional space in London over the next three years.
London
Central London development turned around dramatically in H1 2011 with 25 new schemes under construction and dwindling supply of prime office space in 2012-2013. Rising take-up and rents mean that the central London office market will continue its cyclical recovery over the next two to three years with its long-term outlook positive because of inadequate supply of new schemes to satisfy long-term take-up. Currently rental growth is stalling but investors are not being attracted to subprime. Transport links' developments are boosting sub-markets The financial sector will need 1.6m sq ft of additional space in London over the next three years.
London