London office rents hit bottom

London has experienced a year-on-year fall in prime office rents of 32 per cent and has now reached the peak of rental decline, according to Jones Lang LaSalle&rsquo;s second quarter European Office Clock Report out today. Prime office rents declined by 4.6 per cent over the quarter, and now stand on average 15.4 per cent lower than in the second quarter of 2008. <br />