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London City Market: twice the office supply, half the demand in first half of 2008

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London City Market: twice the office supply, half the demand in first half of 2008

Written by Sylvia Sielicka

Friday, 25 July 2008

The Costar London Office Market Report is out, providing great highlight on the office market in London. CoStar, the UK leading real estate research company, has just released London Office Market Report, providing great highlight on the office market in London in the first half of 2008:

City: twice the supply of available office space, and half the demand (compared to same time last year)
West End: office supply remains limited, due to lack of development, keeping rents at premium levels
At end of Q2 2008, the levels of office space under construction is close to equaling that of current available space!

The full report can be accessed here: http://www.focusnet.co.uk/index.aspx?fuseaction=public.marketreports&src=press

About CoStar Group CoStar is the number one provider of verified Commercial Real Estate Information and marketing services in the UK and the U.S. A NASDAQ quoted company ( CSGP) with over 20 years of experience, CoStar offers customers access via the Internet to the most comprehensive source of office, industrial and retail availability as well as requirements, deals comparables, building and town reports. CoStar provides a verified and independent view of the Market CoStar’s unique research method allows maintaining the industry's largest and independently confirmed real estate database. In the UK, over 90 highly trained researchers look for space to let and property for sale, every day. Each of them covers a specific market, striving to develop enduring and trusted relationship with agents, owners and principals. In addition to our research centre in Glasgow, we have a dedicated team of Field Researchers canvassing the market from the ground. They survey all properties that are currently for sale or to let, capture high resolution images of the building, create footprints using aerial images and collect other information relating to the building such as location, GBA, construction type, amenities and tenants. For more information about CoStar’s Research methodology click hereFor our Press Kit (including logos) click here For Investors information click here For any specific question, please contact: Caterina Rigoni Marketing Director, CoStar UK This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
T: +44 (0) 203 214 0100
D: +44 (0) 203 214 0241F: +44 (0) 203 214 0126
10 Great Pulteney Street, London, W1F 9NB
www.costar.co.uk

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