Demand for City Offices Rises

An increase in commercial letting activity at the end of last year led to a decline in empty London office space for the first time in two years. Rents in the region were boosted as a result and on Wednesday the Royal Institution of Chartered Surveyors reported that rents had stabilised. Additionally, the forecasts of a number of leading property consultancies support the view that the London market is at the forefront of the property recovery.