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Property Times

Central London : Fringe markets more expensive - Q2 2014

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The volume of lettings increased to 3.7m sq ft in Q2, bringing year to date take up in Central London to 6.6m sq ft, the highest half year total since 2010. Availability continued to fall (to 11.4m sq ft) marking an 8% decline on the previous quarter.

Central London’s fringe markets have been the biggest beneficiaries of falling supply and increasing rents in the core. But despite strong demand for non-core offices, development and refurbishment activity in the fringe is relatively limited. There is just 1.4m sq ft of space which could be delivered between 2015 and 2016. This is less than a quarter of City, West End and Midtown (8m sq ft).

Source : DTZ (Groupe UGL)

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