Commercial property rebounding – or just Central London inflated ?
According to a report from highly respected property company Knight Frank, London’s West End is the most expensive place in the world to rent office space, with rent having shot up by a heady 31% in the last year. This now means that the average cost per square foot for West End office space is a whopping £85.00.
The City of London, not surprisingly, is not much cheaper and also ranks in the top 10 most expensive commercial property zones worldwide, with an average square foot cost of some £55.00.
Let’s hope this is not yet another unrealistic bubble……
