Office Space London

July data from the Savills Commercial Development PMI® survey signaled a marked expansion of total commercial property activity. Developers indicated that a sharp rise in work on private sector projects had been the principal driver of overall growth.

Commercial construction firms reported growth in seven of the nine areas of activity monitored in July, with expansion strongest for private sector office space UK activity. With the prices of London Office Space continuing to increase, leasing office space is becoming ever more popular.

Britain’s runaway commercial property market has peaked

Britain’s runaway commercial property market has peaked and is already showing signs of a slowdown, the head of Britain’s largest property company has warned.
Demand for prime Central London offices was strong during the first quarter, with investors paying top prices, confident that rental growth would boost yields, currently hovering at 4 per cent. With prices continuing to rise for Office Space UK, it seems that renting commercial property space is currently the safer option.