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Despite the expanding building developments that are taking place in London, this has still not created a surplus in office space as London has attracted an enormous amount of new business that is eager to grab the innovative space that is being supplied to the city.
As a result of this, office leasing prices in some of the prime areas in London are set to rise quite considerably due to the everlasting high demand for London office’s.
Typically, offices in the outskirts of the city are considerably cheaper than those in the heart of London. Nevertheless, some areas in central London are still offering affordable rental prices in return for quality office space. Canary Wharf in particular, has a diverse range of offices comprising of many different size and price commercial properties that are available for both long term leases and temporary lets.
According to a recent article, commercial office rental prices in Canary Wharf are forever fluctuating, formerly being one of the most expensive areas, however office rental prices in the area have somewhat dropped in an effort to offer more affordable space to organisations that are in search for a new office location.
Here at Morgan Pryce we believe that due to the increasingly fluctuating rents in the commercial property market, it is very important to seek advise from highly trained consultants when looking for the perfect office for your business.
For more information call the Morgan Pryce team on 0207 292 4710