LISTEN Office occupiers from London’s traditional markets are increasingly looking towards the City fringe in search of space and value, according to Belcor agency specialist Rob Elman.
Elman was the UK’s top individual office dealmaker for April in terms of deal numbers in EG’s On-Demand Rankings. He completed six letting and occupational sale transactions, amounting to a combined 12,500 sq ft of space.
He believes that the City fringe is still well stocked with the sort of high-quality, characterful office buildings needed to bring workers back, and says occupiers will increasingly look towards the area rather than more central locations where rents are at “insane” levels.
