Survey points to sharp slowdown in Central London office rents

The results of the latest CBI/PwC Financial Services Survey suggest that, over the next six to nine months, Central London office rental value growth will slow pretty sharply from its current rate of around 7%y/y to zero. Given the weak economy, this looks very plausible. To us, renewed falls in City and West End office rental values, of perhaps 5%, look likely in 2013.

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