London office rents rise for first time since EU referendum
London office rents rose by 0.6% on Q4 2017 – the first increase since before the EU referendum, according to data from the latest EG London Office Market Analysis.
Since 2013, EG has canvassed industry-wide views on rental tone for 11 villages across London as part of the market analysis, aggregating those figures to indicate rental movement.
Eight of the 11 areas showed an increase on Q4 2017, with only Mayfair and Victoria reflecting a downward movement, while the City core stayed flat.
London office rents rose by 0.6% on Q4 2017 – the first increase since before the EU referendum, according to data from the latest EG London Office Market Analysis.
Since 2013, EG has canvassed industry-wide views on rental tone for 11 villages across London as part of the market analysis, aggregating those figures to indicate rental movement.
Eight of the 11 areas showed an increase on Q4 2017, with only Mayfair and Victoria reflecting a downward movement, while the City core stayed flat.
The largest quarterly increase came in Paddington, with rental tone rising by 3.1% against Q4 – thanks in part to new headline rents set at 4 Kingdom Street, W2, last year.
Looking annually, rents have fallen by 0.8% on what they were in Q1 2017 following a year of gradual corrections, particularly in prime West End areas.
What other factors are behind these rental shifts?
Find out tomorrow, when we will reveal our full market analysis and agency league tables.
Register for the presentation at www.egi.co.uk/loma
To send feedback, e-mail graham.shone@egi.co.uk or tweet @GShoneEG or @estatesgazette
