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High demand for office space in London

ServicedofficeBENews800628172

The demand for office space in London has soared in the first six months of the year, according to a financial and professional services firm.

Jones Lang La Salle has found that investment in office space had increased by nearly 30 per cent, compared to the same period last year.

Most of this investment has come from overseas investors, who have contributed £3.1 billion out of the total investment of £5.4 billion.

Chris Brett, director of Jones Lang La Salle’s international desk, said: “London continues to show relative value on a global basis so demand from overseas remains buoyant. Asian capital is a growing force in the London market and we expect this to continue in the third quarter.”

The investment is viewed as another indicator of London’s importance for global capital, which could have a positive effect in boosting the country’s flagging economic recovery.

Jones Lang LaSalle is a financial and professional services firm specialising in units.