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RICS expect a rise in London office rentals

According to latest RICS UK Commercial Property Survey, there are signs of an upturn in some sectors of London's commercial property market.

This is the first time RICS surveyors have reported an anticipated rise in rents for two years

The RICS UK Commercial Property Survey indicated that rental expectations rose dramatically for London offices. Moving above zero for the first time since winter 2007, as available space declined for the second consecutive quarter. The positive net balance of 57 percent (compared with the previous reading of zero) for central London office property was the biggest upward jump on record. This contrasts with the picture in the rest of the UK where available space is rising across all sectors and rental expectations are still negative.

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