CB Richard Ellis has said that Central London is holding firm as a top commercial property spot.
There was no slowing in tenant demand for Central London offices last month, according to the latest figures from CB Richard Ellis (CBRE).
Take-up remained above the one million sq ft mark for the third month in a row and availability continued to tighten, falling to 17.7 million sq ft by the end of February.
This was partially due to the completion of three major property deals during the month, the largest of which was the signing of Drapers Gardens by BlackRock Investment Management.
Digby Flower, head of the Central London Agency at CBRE, said that landlords have already reacted to the competitive market by increasing their rates.
"With no sign of tenant demand abating in the short term at least, falling supply will continue to drive rental growth over the remainder of the year," he added.
The City of London and Canary Wharf recently emerged as the locations of choice for large financial companies in a report commissioned by the City of London Corporation and undertaken by CBRE.
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