Bull and Bear meet up to discuss the London office market and explore whether it should be on investors’ buy-lists.
The Central London office leasing market in 2022 was broadly in line with the ten-year average, despite a subdued end to the year.
Prime office rents across all the UK’s key cities are now growing again. The very low availability of prime space, coupled with the appeal of high-quality buildings located in the most sought-after areas, is driving rental values up.
Bull and Bear don’t foresee a stampede for London assets over the next few months. With plenty of capital sat on the sidelines ready to be deployed, the revised pricing should offer significant opportunity for buyers later in 2023.
Enjoy your Sunday.