King Sturge believes the capital is set to rebound more than regional areas during the upturn.
The UK commercial property recovery will be led by the City of London this year, according to the latest office markets report from King Sturge, which may interest those seeking a
commercial mortgage.
Office markets showed an improvement in the second half of 2009 after a difficult period, the property consultancy said, predicting that the performance gap between the capital and the rest of the country will widen in the upturn.
Andrew Burrell, office research partner at King Sturge, described the situation as a "two-speed recovery", with London's services industry ensuring more rapid growth and therefore a faster commercial property recovery.
"Outside of London, take-up was led by the public sector in 2009. This trend cannot continue post-election, as the new government is forced to slash spending," he added.
"Larger cities with diverse occupier bases … remain best-placed for recovery."
King Sturge was recently appointed by Helical Bar and Chancerygate Business Centres as a retained agent on south Manchester's Stockport Gateway, which is set for
development investment.
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