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London's Office Rental Market Trends for 2017

LONDON'S OFFICE RENTAL MARKET TRENDS FOR 2017 2017 IS EXPECTED TO BE A GOOD YEAR FOR THE LONDON OFFICE RENTAL MARKET, DESPITE THE MUCH-DISPUTED EFFECTS OF THE EU REFERENDUM DIVERSIFICATION OF THE OCCUPIER PROFILE KEY MAIN TRENDS M INCREASED DEMAND FOR FLEXIBLE TERMS HIGH NUMBER OF RELOCATIONS WITHIN THE CITY FOLLOWING NEW BUSINESS RATES. TECHNOLOGY, SCIENCE, AND CREATIVE START-UPS ARE BOOSTING REAL ESTATE TRANSACTIONS KEY MARKET INDICATORS 2. 3 4. LOW VACANCY RATES AND A STRONG ABSORPTION AND TAKE-UP RATES ARE AVAILABILITY RATES RENTAL VALUES FOR OFFICE REMAIN STABLE APPETITE COMING BELOW THE PROPERTIES ACROSS FROM OVERSEAS DECADE'S AVERAGE THE CITY ARE UP INVESTORS STATIC MARKET IN CANARY RENTAL VALUES FOR WEST END WHARF DUE TO A BALANCED OFFICES ARE MOSTLY STABLE SUPPLY-DEMAND RELATIONSHIP AND HIT THE MARK OF RENTAL VALUES RANGE BETWEEN £120 / SQ FT £69 - £79 / SQ FT MARYLEBONE KNIGHTSBRIDGE ST JAMES MIDTOWN OFFICE VALUES RANGE BETWEEN £97 AND £113 / SQ FT, ALTHOUGH AVAILABILITY REMAINS LIMITED INCREASED RENTAL VALUEŞ IN SOUTHBANK OF UP TO 12%, £81 - £96 / SQ FT CITY OF LONDON OFFICES HAVE DECREASING VACANCY RATES RANGING BETWEEN 3.6%- 6%. £70-£60/ SQ FT IN DOCKLANDS, IT IS STILL POSSIBLE TO FIND OFFICE UNITS PRICED AT £40 / SQ FT 2017 MARKET OUTLOOK EXPECTED TO BECOME FAVOURABLE TO TENANTS AND INVESTORS OVER THE NEXT 12 MONTHS MIXED PREDICTIONS WITH REGARDS TO THE FUTURE PERFORMANCE OF RENTAL VALUES CARTER JONES INCREASE TO LAST UNTIL THE END OF 2017, MOST IN THE WEST END, SOUTHBANK AND CITY FRINGE, WHERE RENTAL GROWTH LEVELS ARE EXPECTED TO EXPERIENCE AN 8 PER CENT SURGE OTHERS RENTAL GROWTH DECLINE BETWEEN 6 -10%, MAINLY IN WEST END, VICTORIA, THE DOCKLANDS, AND THE CITY, SINCE THESE AREAS HAVE A LARGE AMOUNT OF OFFICE PROPERTIES THAT HAVE BEEN VACANT FOR A WHILE é f Google HAVE ALREADY ANNOUNCED THAT THEY WILL EXPAND THEIR LONDON-BASED OFFICE WORKFORCE SOURCES: http://www.carterjonas.co.uk/-/media/Publications/London%200ffice%20Market%20Update%20Q1%202017v3.ashx http://www.colliers.com/-/media/files/emea/uk/research/offices/17001-londonofficessnapshot-january2017-v8web.pdf?la=en-GB http://www.carterjonas.co.uk/news-and-events/news-and-press-releases/June-15/cost-analysis.aspx http://blogs.wsj.com/moneybeat/2016/11/01/wsj-citys-brexit-briefing-london-office-rents-to-slide-weak-pound-boost-manufacturing/ http://www.costar.Co.uk/en/assets/news/2016/October/The-2017-Business-Rates-Revaluation--Which-Areas-Of-London-Will-Be-Hardest-Hit/ https://hubblehq.com/blog/2017-the-future-in-office-trends http://uk.businessinsider.com/google-to-open-new-uk-hq-with-3000-jobs-2016-11 http://www.telegraph.co.uk/finance/newsbysector/constructionandproperty/11860126/Facebook-finds-new-home-for-London-HQ html http://www.standard.co.uk/news/london/revealed-apple-to-create-stunning-new-hq-at-battersea-power-station-a3356201.html http://www.knightfrank.com/globalcities/2017/london-office-demand LONDON OFFICE SPACE

London's Office Rental Market Trends for 2017

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2017 Trends for London's Office Rental Market featuring key market trends, indicators and outlook.

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