October 15, 2015
M25 office sector has fastest rate of rental growth in fifteen years 0
The Outer London/M25 Office sector, known as the ‘doughnut’ has recorded the highest rental growth since 2000 according to the latest CBRE Monthly index. Rental values for offices in the ‘doughnut’ grew by 1.0 percent in the last month, the fastest monthly rate since July 2000 (1.4 percent) and growth of 4.2 percent since January. Central London offices also recorded rental value growth of 1.0 percent however, which is the fourth time growth in the capital has reached this mark in this calendar year. Central London rental values have risen by 7.1 percent in 2015 with offices in the West End and City having the biggest impact. The rest of UK slowed marginally from 0.5 percent in August to 0.4% in September, but due to London’s strength, UK wide office rents are now growing at a 7.4 percent, their fastest annual rate since March 2008, and a post recessionary high for the sector.