23/07/2012

London | Offices

At A Glance Q2 2012

Central London office investment hits £6bn - July 2012

The remainder of 2012 will continue to be characterised by a shortage of grade A supply, which is likely to stimulate more pre-let activity.

- Prime rents are anticipated to hold up in the City.  We expect to see modest rental growth towards the end of this year in some non-core locations.

- Lease events and active demand from the TMT sector will continue to drive letting activity in 2012.  Financial firms will remain cautious in the short to medium term.

- New enquiries are likely to come slowly during the summer.  However, within central London there are a number of high profile transactions which should be signed in Q3.

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Higgins Claire

Claire Higgins
Head of Research
+44 207 338 4122

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