Rent prompts office moves

Kasmira Jefford
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LONDON’S escalating rents are forcing two-thirds of businesses to consider moving offices, a new study seen by City A.M. has found.

A OnePoll survey commissioned by outsourcing specialist Capital Capture found that 63 per cent of firms in the finance, IT, legal and insurance industries have considered moving, with over half blaming property-relating costs.

Nearly half of the 300 London- based businesses surveyed reported a rise in their commercial rent in the last two years.