Knowledge only comes from experience
The powerful collective approach adopted by Jones Lang LaSalle's London Office Market teams has enabled them to continue delivering impressive value for clients as 2010 progresses. In volatile times, knowledge could not be more essential and the London office investment and London office agency teams deliver the most definitive and forward-looking London office market perspective. See the video clips below for our 2010 mid year insights. An overall mid-year market snapshot would be:
- Rental growth encouraged by increased shortages of select prime A space in the Central London office market
- Deals continue, however, volatility in the domestic and European economy make it harder for occupiers to plan
- The London office investment market has already had a stronger YTD than 2009 - although there are signs of caution
- Buyers have been predominantly UK REITs, UK Funds, German investors and Asia Pac equity - although global interest is highly diverse
- In H2, the banks will play an increasing role in the sales process across Central London and there will be some great deal opportunities
Our London Office Market team is made up of the No 1 London office investment team in 2009 and the most experienced London office agency team, with over 2.6m sq ft of office agency deals in the first half of 2010.