Newsletter - Links - Advertise - Contact Us - Privacy
 

Cushman & Wakefield detail state of play in UK office market

Bookmark and Share | Send to friend

February 25 2010

Cushman & Wakefield detail state of play in UK office market
London’s West End has risen to become the second most expensive office location in the world according to a new report from global real estate advisers Cushman & Wakefield.

The list coincides an “unprecedented” fall in demand for prime office space with every world region recording a decline for the first time.

In the UK the picture was more nuanced however with Manchester maintaining prime rents of £312sq/m per year, the same level as in 2008. This saw the city rise to third slot after its rivals recorded declines ranging from a precipitous 15% in Birmingham to 4% in Edinburgh, leaving both cities on level pegging in fifth place with rents of £301sq/m per year.

The reports authors remain cautiously optimistic for 2010, foreseeing an upturn by the second half of the year as corporates increase their demand for space once more.

Post your comments

 

All comments are pre-moderated and
must obey our house rules.

 

Back to February 2010

Search News
Subscribe to Urban Realm Magazine
Features & Reports
For more information from the industry visit our Features & Reports section.