Demand for offices surges

Kasmira Jefford
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THE AMOUNT of office space under offer across central London leapt by 47 per cent in the first quarter of the year thanks to a return of business confidence, according to research published today by CBRE.

The property advisory firm said Midtown, which spans Kingsway to King’s Cross, performed strongly with prime rents reaching £55 per square foot, rivalling top prices paid in the City (also at £55 per sq ft).

Midtown is expected to show the strongest growth of any London market over the next few years.