London hits record highs
London is again showing its strength as a global business hub. Take up of office space in the Capital is at its highest point since 2000, with approx. 15 million sq. ft. of space taken up in 2014 – leaps and bounds above the 10 year average of 13 million. Not only is take up on the rise, rents are also hitting new record levels. City averages of £62.50, Midtown and Clerkenwell £52.50 and Mayfair £107.50 psf show the strength of the London market across the board – this is expected to continue throughout 2015.