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London Lacks Office Space

Oct 22, 2007
Businesses in London face major problems as they find it increasingly difficult to find office space to rent in London. This is hardly surprising when office vacancy rates in the area have fallen to their lowest levels for years because of the increasing population of the city year on year. This problem is set to get bigger as large corporations continue to expand and more foreign companies move to London to take advantage of the booming economy.

The demand for office space to rent in London has meant that those on the look - out are finding it increasingly difficult. Research has shown that vacancy rates in the West End fell to 5.3 percent earlier this year, in the city it fell to 5.4 percent and in the Docklands 5.6 percent. This shows how difficult finding office space to rent in London is and as a result many businesses are hiring companies that specialise is finding office space for them.

However, there is hope for those who are looking for office space to rent in London as the constant demand has lead to drastic action being taken. The equivalent of two to four skyscrapers per year is now expected to be built in London from 2009 to 2011. Developers have even promised that the new buildings will be of even better quality and more modern than current offices. This means that not only will office space to rent in London become more readily available but businesses can expect high quality, modern buildings.

More offices being built in London is set to benefit the city in many different ways. One of the reasons for this is because the more office space to rent in London that there is means that a variety of companies can trade in the area which in turn brings in more money. Not only does this help the area itself, it will also benefit the whole country as it strengthens the economy and increases profits.

A lot of businesses who are looking for office space to rent in London find it helpful to enlist the help of professionals who specialise in finding such offices and then rent them out to the companies that need them. Many find that this is a much easier and cheaper way of finding property than looking for it themselves. One of the many reasons for this is because finding office space to rent in London is very time consuming which means companies paying a member of their staff to complete this task.

Although there will be more space available with all the new constructions, it may just influence more and more businesses to move to London. Only time will tell if building even more office buildings in London will fix or add to the problem.
About the Author
Teacher Marks specialise in all aspects of Central London office space. We have provided specialist and comprehensive advice regarding rented office space for over 30 years. office space to rent in London.
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