City of London's office rents to go through the roof
New survey finds office space set to become harder to come by, leading to a surge in rent rates
Renting office space in the City of London is set to be an even more costly
business in the future.
A survey by
LaSalle finds that office rents will leap by up to 30% in the next
The most expensive spaces in the City will rise to over £70 per square foot,
up to levels last seen in 1988.
Neil Prime, head of office agency at JLL, said simple economics had come into
play, with financial services firms’ demand for space set to outstrip supply.