Global office rents on the rise as top New York hedge-fund takes huge space, at huge price
London’s office market has experience vast growth over the last few years, with rents rising rapidly over the last 18 months. A lack of supply paired with huge demand has meant rents in the capital have reached record levels; St James has seen a deal at £185 psf, whilst you can now find non-tower city space for £80 psf. Rents are expected to continue to slowly rise this year, before the supply slowly starts to take to the market in 2017 – there is potential for records to continue to be broken.
