Richmond office rent set to rise
1st December 2014
Rents
in the town centre are set to rise in the New Year as the supply of offices
continues to fall. An increasing number of tenants are being forced to move as
a result of Permitted Development Rights and competition for limited stock is
driving rents up. In the last 12 months Grade A office rents have risen from
£37.50 to £47.50 psf and with no new stock coming through, the market is
predicted to hit £50 psf in 2015.