London office space take up booms as companies move office
According to a current market report office space in London is expected to halve as businesses choose to relocate
The capital city has long been regarded as a world centre for commerce and business with strong global links that take small start-up companies to great heights.
Any company thinking about moving office within the UK would be well advised to consider their proposed locations against the benchmark of London. However, the tremendous business benefits of relocating office to London can be compromised by the demand for office space and the sheer cost of keeping up with rents in the area.
According to recent market research, commercial property specialists have estimated that the amount of new and refurbished offices available in London will halve over the course of 2011. This projected lack of office space will make it more difficult for companies seeking to relocate their business as the rents will see an increase as demand drives it up.
Property experts have predicted that this will in turn increase pre-letting activity in the capital, with more office movers agreeing to wait in the queue as office properties are being constructed. Alistair Brown of commercial property consultancy DTZ commented: “Pre-letting will be crucial not only because there will be a shortage of Grade A space, but also because large units suitable for major occupiers are going to be in especially short supply.”
If you are thinking about moving office to London use the free resources available at Help Moving Office to find property consultants in your area to guide you through your relocation.
