CBRE: prime office occupancy costs in London’s West End rise by 6.6% in year to September 2015
In its latest review of global prime occupancy costs, ‘Office space gets pricier as global economy edges up’, CBRE noted that London’s West End was in 24th position in its ranking of centres by increases in local currency occupancy costs. Occupancy costs in the West End increased by 6.6%. With September 2015 occupancy costs of US$272.56 per square foot per annum, London’s West End was by that measure the most expensive centre overall. With occupancy costs of US$148.63 per square foot per annum, the City of London was the eighth most expensive centre globally.
Source : CBRE/ February 2016/London/OFF