Knight Frank optimistic about central London offices
The recent Central London office market breakfast hosted by Knight Frank brought some cheer, with the commercial property company forecasting that office space in Central London is set to record double-digit rental growth.
Knight Frank expects to see occupier growth boosted by a recovery in international trade and financial markets. It also points out that availability is set to fall, as a result of the lack of speculative development in Central London.
The company added its voice to the growing talk about the increase in institutional investment in commercial property this year, as values improve. Unlike some of the more cautious commentators, however, it feels that the recent recovery is sustainable, and points to the interest shown by sovereign wealth funds as a factor supporting the upturn.
