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Central London Offices Lead The Pack

LONDON-Central London offices, out of town retail and industrials in the East Midlands have been the top-performing property sectors over the past six months, according to the Catella regional rental indices.

By Graham Parker | Updated on July 03, 2001

LONDON-Office rents in London have risen faster over the past six months than in the rest of the country, according to the Catella regional rental indices.

Catella calculates that prime rents in the West End jumped 17.25% to £85 ($120) per sf, supported by a 7% rise in rents to £60 ($84.60) per sf in the City of London. Other regional centres showing strong rental growth included Southampton with an 11% uplift, Birmingham and Norwich on 8.75%, and Glasgow and Cambridge on 7%.

‘No centre showed a fall in office rents, but it is clear that there may be an easing in rental growth as a result of the slowdown in the technology sector and the US market’, says Catella director Gordon Wood.

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