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Rental increases drive tenants towards London submarkets

An increase in rental levels, paired with a decline in available stock in the West End, has seen a large migration of tenants from West to East over the last year; more than half of tenants (of 10,000 sq. ft. and over) who moved over the last year left the West End to relocate into one of either the City or Dockland submarkets. In comparison, those of the same size that moved from the East accounted for only one in four moving to the West.