Businesses are being advised to secure new offices as soon as possible to take advantage of current rental deals on offer. According to DTZ, office occupancy costs have fallen at some of the UK’s corporate business centres, in part due to the recession and the eurozone crisis. However, London is still one of the five most expensive places to rent office space in the world, along with Tokyo, Hong Kong, Zurich and Geneva.
Further good news for London office space providers is that in the second half of last year office space rental showed an increase from the previous six months. During the last three months of 2011, office space take-up in London reached three million square feet. Office space availability in London dropped by nine percent over 2011.
For further information and to read the full report please go to DTZ.