London Office Rentals Soaring #DespiteBrexit

London office rentals are soaring according to two separate reports released this week. 2.3 million square feet of office space was let in central London in the three months to March 31, according to estate agent JLL. That’s 14% up on last year and 5% up on the ten year average… 

Meanwhile agents CBRE say they have had the strongest first quarter since 2012. The firm estimates more than 9 million square feet of office space is being sought in London. Just last November the FT claimed the future of the London office rental market “looks distinctly grey… Companies are already rushing to secure space elsewhere. European rental markets are booming.” Look forward to their update…




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