Substantial rise in workspace the cost of rent in london due to the biggest shortfall since 1980

Need for London office space increased by 6% in the very first three months of the year, with the largest shortfall in more than 3 decades anticipated to create a big rise in rents next two years.

Essentially the most marked raise since 1980 is being felt within the city caused by a lack of new developments as well as increasing demand. This has lead to rents in many areas increasingly drastically.

Rents within the City of London tend to be up 17.5% as well as rental prices within the West End will be up 19% ever since the very first quarter of 2010. The cost of rent are required to reach £100 per sq ft in certain places from the year 2013 as well as property owners are expected to cut back rent bonuses, therefore occupiers need to contemplate their possibilities cautiously.

In case your lease is due to expire soon, Official Space can help you look for the best London office rental. Having a selection of London serviced offices available throughout the city in perfect areas like the West End, City of London along with central London, together with offices for between 1 – 500 people, they can help you find the right foundation for your organization.