Companies in London are finding that their office rental costs have significantly increased in the first quarter of this year as demand has increased by 6%.

An increase in confidence in the market as well as a lack of new developments has meant that there is now a shortage of grade A office space in the city, which has lead to a jump in rental costs. In the City, rents have increased by 17.5% whereas rents are up 19% in the West End. Bloomsbury and Holburn have seen rental costs increase by 14%, whereas the Docklands area has seen a more modest increase of 4%.

Rents are expected to continue to increase throughout the year and experts believe that landlords will be reducing lease incentives to encourage more demand.

Official Space can help you find the perfect office for your needs. They have serviced offices for rent in all of the UK’s prime locations including central London, Manchester, Birmingham, Leeds and Glasgow. Whether you’re looking for a small office for just a few employees or a large base for a growing company, they have the office to meet your requirements in the ideal location.

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Name: Official Space
Website: www.officialspace.co.uk
Email: info@officialspace.co.uk
Phone: 0845 260 55 10
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City: London
Postcode/ZIP: W1W 5BB
Country: UK