Benefits of London office space rental

According to Reuters, the amount of space in London Office lie empty has increased by 10% since the beginning of 2009, which means that the number of offices that are immediately available to rent London has increased over 10 million square feet. There are many advantages for companies looking to lease offices in London, and it has never been a better time to find a real bargain.

The reason for the surplus of London office space can be traced back at the beginning of the current economic slowdown. As banks and other large financial institutions because of the potential results of ready excess, they started to develop and simplify their workforces. When he became is no longer viable to have these small numbers of staff in these spaces, they also seek office property or taking leases in the short term to long term contracts.

In response, owners decided to reduce costs of office rental in London in a bid to prevent their empty command properties. Many even offered substantial transaction custom submission to the Tribunal, such as free stays and capital flows. Forum property investment European consensus forecasts predicted that rents will continue to be brought down, especially since 26.6%. They also predict that there are not much room for recovery until approximately in 2011, when the beginning of a recovery is expected.

It's certainly dark news for owners and the tenants, the good news for business owners is that market offices London is transformed in favour of the lessee. Space Office category A (the best of the best industry term) has already fallen as low as £ 45,00.0 per foot square, the lowest since 2004. These numbers paint a picture where business owners will be able to undertake office rental in London for prizes without precedent, leaving take advantage of all the benefits of a London office space.

The Royal Institute of Chartered Surveyors has recently referred to another factor that could force the London offices rental price lowest. It is their belief that growth of the leasing of offices in London could drop to levels of "sub-inflation" at the end of 2009. The reason for this is that with so many offices that threaten to become vacant, there is also an excess of supply on request. Yet once it is set to work in favour of tenant. Add to this the fact that there is more than 12 million square feet of space office building in the capital and future owners seems to be quite dark.

To take advantage of the prices lower initial locations, potential tenants would be wise to engage in a commercial building procurement agent services. Using their knowledge of the real estate market, they will be better informed knowledge locations will offer the best value for money and their power of negotiation lessees gives the possibility of pushing the fall in prices even further.

The recession may be new bad spelling for certain pockets of the London office rental market, it offers opportunities for owners of firms which, ultimately, can only help to improve the State of the economy at a later date.

Shivani Gurtu-Louth - Devono property Limited operations manager. Devono are only commercial real estate agents in London to represent exclusively tenants in quest of London office space and commercial property London. We can also help you find serviced offices in London. Our goal is to ensure the best commercial property at the best price.

For interviews, quotes, pictures or comments contact: Shivani Gurtu - Louth Devono Operations Manager Tel (DDI): + 44 (0) 20 7096 9911, E-mail: sg@devono.com