West end offices are still out performing the rest of the UK
18/11/2011
Figures released by a leading real estate company show that Central London’s commercial property performance is performing better than the rest of the UK.
The findings published by the CBRE show that the London commercial property market remained constant as the rest of the U.K office space sector struggled to keep up.
UK commercial property performance remained constant in October, with total returns of 0.6 %, matching September’s figures, the latest findings by CBRE’s monthly index has shown. performance in London’s West End and Midtown was stronger than the previous month at 0.8% and 0.9% respectively.
David Wylie, Head of UK Economics & Forecasting at CBRE, said, “With the UK market as a whole seeing virtually no movement in yields over the past six months, rental growth has provided the key difference. In the year-to-date Central London offices have seen values rise by 6.3%, which has been almost wholly supported by rental growth.”
As London offices continue to prosper the demand for them remains high making any space that is available an opportunity that should be snatched up.
Source: London Offices
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