London | Offices
At A Glance Q2 2012
Central London office investment hits £6bn - July 2012The 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.