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Demand for investment property and offices in Central London is still outstripping supply, principally because the investment market of Central London still remains the number one destination for overseas money.
Offices in the City still prime focus
Focusing on the final quarter of the year, Morgan Pryce, the London commercial property agent, expects to see continued transactional activity, which it believes will act as a healthy pipeline in the London commercial property sector over the next four to six months. The market for offices in the City remains strong in respect of prime investments, with no let-up during the Olympics nor in the summer period, which is a traditionally quiet one for the investment market. Looking ahead, overseas investment is expected to continue to dominate the market, with a large number of Central London property transactions recently completed, and many more in progress.
Commercial property transactions continue – but demand remains
”There are many new sales expected onto the market over the next few months, but even so, I believe demand will still exceed supply in Central London,” says David Perrins, of Morgan Pryce.
Location still remains a critical factor for the overseas investors, and hence offices in the City are the focus of the majority of these large transactions.
Morgan Pryce is a specialist tenant acquisition agent with offices in Oxford Circus and the City. Morgan Pryce specialises in search, negotiation and project management and works exclusively for tenants.