Increased demand for London office space

The amount of leases of London office space has more than doubled since this time last year.

In the first quarter of 2010 leasing of Central London office space saw a 100% increase, compared to Q1 of 2009.

Reports suggest that this is the case all across London, with City of London reaching an above average occupancy rate and the West End seeing a significant recovery.

Within Q1 2010 the city actually leased or sold 2.2 million square feet of office space, compared to only 0.7 million sq-ft for the same time last year.

(more…)