London Offices Winter 2011 - Crane Survey

Some of the key highlights are:

'Despite economic turmoil 22 schemes have started in the past 6 months. There is now 7.2 m sq ft under construction (up from 6.4 m sq ft six months ago and only 2.7 m a year ago).

The West End market is holding up while the City market is seeing lower demand. However there are major City occupiers planning pre-lets for when their 25 year lease ends.

TMT sector is the most active and may drive the London office market over the coming months.

Rents in the West End will continue upwards but it is an expensive market to buy into'

Matthew Elliott Partner - Head of City Transactions

To read the latest Drivers Jonas Deloitte London Offices Crane Survey please click here