Tech firms grab City office space

Kasmira Jefford
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TECHNOLOGY, media and telecoms (TMT) firms in the City are to expand by almost a quarter this year as businesses come in search of bigger offices and better value rents.

TMT companies took up 869,000 square feet of office space in the first half of the year, Knight Frank said yesterday. The firm expects this to total 1.6m sq ft this year, up 23 per cent on 2012, with tech firms taking up more space than any other sector.