New research published by CB Richard Ellis (CBRE) has revealed that the central London office market helped buoy the rest of the sector in the UK after a further positive month in July. Capital values in the city increased by 0.3 per cent over the month, while they slid by 0.1 per cent for the country as a whole.
Senior analyst at CBRE Nick Parker explained the factors that have consistently driven growth in the central London offices. "The occupier markets in central London remain buoyant, driving rents and capital values up, and highlighting the relative merits of greater income security to investors." He added that a lack of "good assets" has also helped boost the sector.
In its Commercial Market Survey for the second quarter of the year, the Royal Institution of Chartered Surveyors stated that London outperformed the rest of the country, with the office sector cited as the main driver behind the "positive rental expectations" reported by those questioned.