London's Office Rental Market 2015

LONDON'S 2015 OFFICE RENTAL MARKET 3 KEY POINTS 1 INCREASED DEMAND LOW LEVEL OF OFFICE DEVELOPMENTS IN RECENT YEARS VIRTUALLY NO NEW DEVELOPMENTS RELEASED IN 2015 EQUALS VACANCY RATES AS LOW AS MAJORITY OF NEW FLOOR SPACE PRE-LET 4.5% 2 HIGHER PRICES CITY: LONDON OVERALL: £70/SQUARE FOOT. 4.3% WEST END: £115/SQUARE FOOT INCREASE IN RENTAL COST 3 WHO'S MOVING IN? 25% TMT: TECHNOLOGY, 75% MEDIA, & TELECOM SECTOR BUSINESS l PROFESSIONAL CONSUMER SERVICES INSURANCE FINANCIAL $ LEISURE REFERENCES http://www.propertywire.com atieOpe/ 74270 http://www.savills.co.uk/research http://www.knightfrank.com/global-cities-index-2015/articles/new-tech-hubs/london-office-areas/#sthash.fwMLWTIS.dpbs http://content.knightfrank.com/research/395/documents/en/property-outlook-2015-2553.pdf http://www.colliers.com/-/media/264D840636584EFADCF2564EC566165.ashx commercial-property-market-201412269974.html LONDON OFFICE SPACE LondonOfficeSpace.com