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Commercial property values continuing their competitive dynamic

Top Quote London property company Pearl and Coutts give their advice regarding the increased popularity of London property and how companies can find their ideal commercial space. End Quote
  • (1888PressRelease) March 09, 2011 - Leading London property company Pearl and Coutts gave advice today about news that London's commercial property market is currently becoming more competitive for companies looking to rent space. The UK is experiencing faster growth for commercial property values, which rose to 14.5% during 2010. Prices increased for 17 months in a row by the close of the year. Furthermore, the Investment Property Databank (IPD) attributed office space in London as the key factor driving the figures while other regions lag behind.

    The IPD pointed to London leading the recovery and predicted the divide between it and the rest of the UK would widen in the coming year. Although the total return for UK commercial property stood at 2.2% up in 2009, many economists predict that recovery is likely to slow down in 2011. On the contrary, the central London market saw investment transactions worth 9.9 billion with a positive outlook predicted for the year ahead. Businesses can still effectively source their premises despite the rising demand and Leigh Peters, Marketing Manager of Pearl & Coutts comments as follows:

    "Office space in London is currently in very high demand, but this shouldn't deter companies from relocating or establishing their first premises. We have a wide selection of offices suitable for businesses from sole traders right through to large corporations and we offer many additional services. For example, we also offer retail premises; car parking spaces; storage units and even industrial units within the capital. Our service is dedicated to making it as easy as possible for businesses to source the right premises. And we work with all types of businesses, from sole traders to NGOs to blue chip companies."

    There are a number of reasons why London is leading the upward trend: There has been an increase in interest from foreign investors which has been partly driven by the image of London as a safe investment location and partly by a decrease in Stirling values. Rental demand is also predicted to remain extremely strong and some sectors have seen a corresponding shortage of available business premises. London's financial sector has also remained strong, whereas elsewhere in the UK tax rises and spending cuts are predicted to impact on the economy. Pearl & Coutts commercial lettings team gave their advice for businesses requiring office space in London:

    "Many people are discussing the shortage of commercial property in London. This could leave some companies concerned about sourcing competitively priced, viable premises. We are not experiencing problems finding our clients suitable business premises. As we are a part of the Structadene group, their property portfolio gives us access to a superb range of premises, whatever the rest of the market is doing. We are therefore always able to offer competitively priced property for immediate rental."

    Businesses looking for office space in London or any other type of commercial property in the capital can view available premises online at www.pearl-coutts.co.uk/commercial-property-london The team are multi-lingual and able to help both national and international clients. Speak to them today on 020 7843 3753.

    http://www.pearl-coutts.co.uk

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