Battling against the ongoing heatwave, Bull and Bear meet up to discuss the London office market and explore whether it should still be on investors’ buy-lists.
According to Remit Consulting, office occupancy in Central London was only 29.3% in the middle of May.
Both Savills and CBRE have recently increased their prime City office yield from 3.75% to 4.00%. Prime West End Office Yields remain at 3.25%.
Asian Pacific investors have been the most active on the buy-side this year for City offices, whilst over in the West End, North American investors have been the most active buyers by volume.