London’s West End has regained its status as the world’s most expensive office market, according to research.
The cost of high-end office space in the West End has risen nearly 15 per cent over the past year, driven by the UK economic recovery and demand from resurgent financial services companies, according to the study by real estate services group CBRE.
On average, prime West End office space now costs ￡100 per square foot for rent alone, not including service charges and business taxes.
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