This site uses web cookies · Read our Policy here
International: (+34) 952 198 657
Open navigation menu

London Office Markets See Rising Activity

First name: 

 

Last name: 

 

Tel. Number: 

IPIN Disclaimer.

  We never share your data with any third parties.

*Note: IPIN investment opportunities are available subject
to location and certain knowledge / experience criteria.

News by Category

Archives



Office Space Investment  London  BNP Paribas  Shaun Gorvin 

London Office Markets See Rising Activity

By - Friday 21 October 2011

London's City and Midtown office markets have recorded a rise in activity during the third quarter, new research has found. A study carried out by BNP Paribas Real Estate revealed that there is a lack of grade A office space in the West End, which is driving tenants to other areas of the capital and has, in turn, resulted in rising rents in these newly-popular areas. However, the organisation noted that the cost of space in Midtown still remains almost half of that charged for offices in the West End.

Meanwhile, the survey showed that take-up of office space in central London as a whole increased by 26.9 per cent during the third quarter, compared to the previous three months. Investment volumes, on the other hand, dropped during the same period, with a notable fall recorded in office markets. Shaun Gorvin, city investment senior director at the company, commented: "Investors have been more circumspect in the third quarter, reviewing their purchases already in solicitors' hands and postponing new purchases until financial markets hopefully settle."

Earlier this week, figures released by Colliers International showed that, despite the take-up of office space in central London falling during the three months from July to September, the rate of pre-lets was at its highest level for a year.
 

Subscribe to IPIN Live by Email - Get our News & Blog updates delivered directly to your inbox - click here


Comments

 

*This page is provided for information purposes only and should not be construed as offering advice. IPIN is not licensed to give financial advice and all information provided by IPIN regarding real estate should never be treated as specific advice or regulations. This is standard practice with property investment companies as the purchase of property as an investment is not regulated by the UK or other Financial Services Authorities.


«« Back to IPIN Live

Follow IPIN Global


Latest Content

Recent Comments

Powered by Disqus