Many UK companies look for office space to rent in London. The capital is a national and global centre for business and as well as being highly convenient for a lot of organisations, it is also associated with a certain amount of prestige.
Indeed, it seems the popularity of London offices continues to climb. According to research conducted by Cushman & Wakefield, the city has regained the title of the world’s most expensive office market.
It leapfrogged Hong Kong to take pole position for the first time since 2008, the firm revealed.
The study found that rents in London’s West End rose by two per cent year-on-year in 2012, making them the priciest in the world.
Commenting on this, Digby Flower, Cushman & Wakefield’s head of London markets, said: “As a truly global city, London’s appeal continues unabated. In conjunction with a scarcity of good quality stock, prime rents have increased over the year. Equally importantly we expect rents to grow further as we get into recovery mode.”
Meanwhile, Rio de Janeiro climbed from eighth position to third, with a rental uplift of 43 per cent on the previous year.
On a global level, the office market saw prime rents rise by three per cent in 2012 and this trend was largely driven by high levels of growth in South America, particularly in Brazil and Colombia.
Glenn Rufrano, president and chief executive officer of Cushman & Wakefield, remarked: “Safe havens or gateway cities such as London, Hong Kong and New York continue to command high rents despite uncertain economic conditions, as they remain key markets in which to do business; while burgeoning population growth has led to rising occupancy costs in emerging markets in South America and Asia.”
In order to ensure they benefit from good value for money, it is important for companies to ensure they look for the best serviced office rental deals available.
you can find out more about the above here www.serviced-offices.biz/
1 thought on “London office space proving popular”