Property investment companies have seen increased interest from prospective tenants, new research claims.
Commercial development companies in central London have seen the first sustained increase in tenant enquiries since 2008, it has been claimed.
This is according to the latest data for the first quarter of 2010 from office space specialist officebroker.com.
Enquiry levels are up 35 per cent on the first quarter of 2010, while the number of newly signed serviced office tenants is also, up on this time last year, by 24 per cent.
The average number of workstations per serviced tenant was 5.7, with the average price rising from £418.00 to £514.00.
It is not all good news for
property investment firms however, as the average licence length agreed with tenants has fallen, from 9.5 months in early 2009 to 7.8 months today.
Officebroker.com claims that business leaders are reluctant to make long-term commitments due to economic pressure and uncertainty over the general election.
The London commercial property market has overall experienced its best quarterly growth since 2001, according to the latest data from Jones Lang LaSalle.
Posted by Tess Nelson.
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