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Article: City: West End office rents `surging'
- Article from:
- The Sunday Telegraph London
- Article date:
- March 30, 1997
- Author:
CopyrightCopyright 1997 The Sunday Telegraph London. Provided by ProQuest LLC. (Hide copyright information)
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OFFICE rents in London's West End are rising as fast as they did
in the 1980s property boom, thanks to surging demand from expanding
companies, according to an authoritative survey to be published
this week.
The latest figures from Richard Ellis, the leading property
consultant, reveal that its rental index is 13 per cent higher than
12 months ago, the largest year-on-year increase since 1989 when
the index reached 14.8 per cent.
During the first three months of the year West End rents rose by
9 per cent against a marginal 1.6 per cent increase during the
final quarter of 1996.
These figures confirm the optimism that has swept the West End,
one of Britain's key property markets, which has ...