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Thames Valley Rents to Fall Further, Says Rogers Chapman

LONDON-Office rents in the Thames Valley west of London could fall by another 15% over the next six months, according to new research from Rogers Chapman.

By Graham Parker | Updated on November 28, 2003

LONDON-With the vacancy rate running at 16% and low levels of take up, the Golden Triangle office market, west of London, is “groaning under the weight of supply” according to the latest research from Rogers Chapman. And the firm expects rents for grade A office space to fall by a further 15% during the next 6 months.

Rogers Chapman forecasts that aggressive rent cutting and generous incentives on grade A properties will reinforce the preference for grade A quality space, with many companies taking the opportunity to upgrade their accommodation. As a result any reduction in the best stock will be counterbalanced by an increase in poorer quality space that will be returned to the market.

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