How good are the prospects for London office rents?

Occupier demand in London’s City and West End office markets has exceeded our expectations in recent quarters. And the outlook for demand is also positive. This will eventually prompt a supply response, but that can’t happen immediately. Our upgraded forecast is that West End rents will rise by 8% to 9% p.a. over 2014-15, with the City’s figure at 7% to 8%.

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