India takes a lead in office space rentals
Posted on April 16, 2011
It appears India out beats all other office space rental in terms of rental percentage increase. From 2010-11, 6 million square ft. of new office space has been let around India. This equals an increase in office space rentals by 20 %.
CB Richard Ellis, the international property consultancy, point out India’s IT hub Bangalore as the quickest growing office space market, with a 36 % increase in office rentals.
Banks Increase Office Space Prices in Central London
Posted on April 16, 2011
Investment banks and other finacial institutions increase demand for prime office space in central London, says office space experts.
It’s estimated by BNP Paribas Real Estate that at least 1.6 million extra sqare feet of central London office space is required the next three years. With start this summer, city hedge funds and investment banks are ready to recruit 11 000 staff over the coming 3 years.
3 our of 4 banks in a recent survey expect to expand in the next 12 months.
Docklands & City Office Space have most demand
Because of the increasing demand and recruitment, Docklands office space and City office space to let will be of highest demand.
West End Office Space Increase Most In Value
Posted on April 6, 2011
During the latest year, it’s been clear that West End office space give a better performance and increase more in value than other areas in London. Here comes some numbers from Great Portland Estates.
London Office Space With Strongest Performance
Followed by West End office space increasing by 4.1 %, City office space and Southwark office space were up 0.4 % in Q3 2010, according to Great Portland Estates.
Renting an office has been 3.3 % more expensive in 2011 compared to 2010 if you look at the overall London office market.
What is your prediction for office rental values in Q2 in 2011?
