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West End office rents set new record

Series: Times ; 30 October 2000, 24(1)Publication details: 2000Subject(s): Summary: West End office rents have already risen 25% in the past four months, but may reach a new record with at least one deal expected to be closed at almost £100 per sq ft. Unlike the property market of the late Eighties, there is very little new office space coming onto the market and developers and investors are confident that further rental growth can be achieved.

West End office rents have already risen 25% in the past four months, but may reach a new record with at least one deal expected to be closed at almost £100 per sq ft. Unlike the property market of the late Eighties, there is very little new office space coming onto the market and developers and investors are confident that further rental growth can be achieved.