Pearl & Coutts: Competitively Priced Office Space In London 'Still Easy To Find'

London commercial property specialists Pearl and Coutts are anticipating a brace of enquiries from firms hit by record rents for office space in London. Demand has soared in many central areas, and property experts recently predicted rises of up to 10% in some cases. End Quote

(1888PressRelease) March 30, 2012 - Rents in London's West End are predicted to soar against the background of the lowest availability of new developments recorded within at least the last ten years. In many other areas, availability is also at record low levels, helping to drive pricing ever upwards. With many businesses on leases which will expire in the next three years, experts predict the market will be ever more difficult for firms to navigate as time goes by. The situation is not helped by industry warnings that the Eurozone crisis could further slow the pace of new developments being released onto the market.

In the meantime, the latest research shows that demand rose over the second half of last year, as availability dropped by 9% over the year as a whole. Expansion in the new technology sector is helping to drive current demand, with firms looking for space, with a movement creating an 'extension' from Shoreditch's 'Silicon Roundabout' stretching from the east through the centre and reaching to the Southbank. However, there is the pressing problem of the city seeing the lowest levels of new developments on the market for at least ten years, with just some 474,000 square feet of new office space completed ready for rentals during 2011. 2010 also saw the tenant demand within the financial services sector outpace levels previously seen before the credit crunch. In that period, rents rose by as much as 25%.

Pearl & Coutts work with businesses ranging from small enterprises through to large firms to source office space in London at competitive rental prices. The company is part of the Structadene Group, which acquires commercial property for a wide variety of uses. As well as offices, Pearl & Coutts staff regularly manage the letting of retail space, parking, industrial & storage units and even residential homes to rent.

'We offer our clients some of the best office space opportunities in the country and tailor our service so that the only property they view with us fits their budgets and needs. We present them with an array of competitive choices with great transport links, no matter what the rest of the market is doing." said a spokesman from Pearl and Coutts.

To discuss your business needs, speak to Pearl & Coutts Commercial Property department on 020 7843 3753; for residential lettings, call 020 7843 9180. The full selection of immediately available office space in London and other selected UK locations can also be viewed online at http://www.pearl-coutts.co.uk/ The firm lets premises in central London for all sizes of company and specialise in matching office, retail and other types of commercial property to the smaller London business.

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