The West End and central London office markets will see unrivalled growth in 2011, far outstripping the City and regional office centres, buoyed by sustained occupier demand and a negligible development stream.
Walking round the West End you would be hard pressed to think we are in the worst recession since the 1930s. There is a buzz about the place – in the streets, in the bars and in the restaurants.
Demand for office space remains strong too. The West End has a diverse and eclectic occupier base. Media, fashion, IT, wealth management and even real estate all love to be based here – the latest expanding occupier Facebook is a fine example.
In a recent survey in Estates Gazette 11 out of 11 property pundits predicted central London is the market that would succeed this year.