London’s pre-let space proving popular
Thing are changing in the capital’s commercial property market. Whereas two or three years ago it was proving almost impossible to tempt tenants to sign up to a pre-let agreement before a building was complete (indeed, often for some time after the building was complete), news now is that in the first quarter of 2013 a third of space currently under construction is pre-let. And with some months to go before many of these building are finished, that percentage could increase.