Another positive indicator for the strength of the London commercial real estate sector is that news that London’s West End witnessed record breaking levels of ‘under offers’ for office accommodation in May, according to data from CBRE.
The global real estate advisors’ latest Central London office MarketView further demonstrates an increase in ‘under offers’ across Central London by 6%, to stand at 3.8 m sq ft, which is 37% above the 10-year average. This is the third month in a row under offers have increased in London, highlighting continued investor confidence, and steady levels of demand in the occupier market.
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