Office rents in the top six cities have risen continuously since 2004 with the exception of 2009, the year following the financial crisis. We believe this rental growth will continue over the coming years, regardless of the consequences of the Brexit vote, and put forward three arguments in favour of this assertion.
Trends in office rents are dependent on three influencing factors: demand for, supply of and development costs of office space. Consequently, we will look at these three aspects more closely below. In brief, however, all three criteria point towards office rents continuing (and accelerating) their growth over the coming years.
Source : Savills