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Central London offfices third quarter 2006

By: Language: English Series: CB Richard Ellis Market View ; Third Quarter 2006Publication details: London CBRE 2006Subject(s): LOC classification:
  • 333.33016 $2 18
Online resources: Summary: Office take-up reached 4m sq ft in the third quarter 2006, the strongest quarter's take-up in nearly two years. Availability, at just over 12m sq ft across Central London, continues to fall and the Central London vacancy rate is now below 5%. Central London rents increased by 4% in the third quarter 2006, with the year on year growth rate topping 9%. Investment turnover was £3.8bn, bringing the year to date figure to over £11bn.

Office take-up reached 4m sq ft in the third quarter 2006, the strongest quarter's take-up in nearly two years. Availability, at just over 12m sq ft across Central London, continues to fall and the Central London vacancy rate is now below 5%. Central London rents increased by 4% in the third quarter 2006, with the year on year growth rate topping 9%. Investment turnover was £3.8bn, bringing the year to date figure to over £11bn.

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