July 27, 2015

London: Two conflicting rental markets emerge in Central London

The latest Central London Office Analysis by Bilfinger GVA shows that the rental profiles across central London are changing substantially. On the one hand, the market is seeing some localised cases of landlords becoming more pragmatic on rents, aware that there is a lack of depth to the number of occupiers willing to pay top rents.

On the other hand, record rents are still being achieved in the core West End and the City, despite the relatively little movement on `normal` prime rents in these core markets. For the first, there have been rumours of more deals at £150 per sq ft and the latter has seen the tower floors at The Leadenhall Building reaching in excess of £90 per sq ft.

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