London is currently leading recovery in the commercial property sector, due to its central location and popularity with overseas firms. As an internationally attractive market for business the capital continues to appeal to larger firms who have managed to emerge from the economic downturn relatively unscathed.
One area in particular demand is office space, with a number of companies looking to set up UK offices in the capital, no doubt taking advantage of the extensive transport network allowing rapid travel to key locations throughout the United Kingdom.
Businesses looking to rent commercial property in London should consider relocating sooner rather than later. Recent evidence suggests UK commercial property values rose 14% since August, and as economic recovery continues it is likely property prices will continue to rise.
Companies looking to rent property in London have a number of vibrant areas to choose from, many of which already benefit from a large concentration of sector-specific companies. Commercial property in Shoreditch, for example, is very popular with technology companies.