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

London Commercial Market hit by Business Failures

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



Commercial Property Investment  Office for National Statistics  ONS  Foreign Investment in London 

London Commercial Market hit by Business Failures

By - Friday 03 December 2010

Vacancies in offices in and around London could be the result of a harsh economic climate, with a number of businesses in the country closing. According to figures from the Office for National Statistics (ONS), there were 55,100 business failures in the capital during 2009.

This represents a significant increase on the 50,575 "business deaths" recorded the year before, the Evening Standard reports.

In total, 13.7 per cent of all London businesses collapsed in 2009 and the rate of failures is equivalent to just over 150 a day. And because "business births" have been overtaken by the number of those succumbing, commercial property management firms may be struggling to find organisations to take up the vacant spaces.

The ONS data shows that the worst affected area of the UK capital was Westminster where 6,475 failures were reported over the course of the year, followed by Camden, which saw 3,140 companies go under.

Meanwhile, recent research conducted by Colliers International found that foreign investors are showing more confidence in commercial property than they did six months previously.

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