Financial services recovery continues; office rental outlook solid

Today’s CBI/PwC Financial Services Survey suggested that, in Q3 2010, output in this sector of the economy rose for the fifth consecutive quarter. A composite measure of some of the main survey balances now points to IPD all-office rental values beginning to grow again on a year-on-year basis around the turn of the year. However, that growth will be driven exclusively by Central London. Further falls in regional office rental values are still likely.

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