Lamport Bassitt Solicitors - Legal News - Commercial property rents 'on the rise in the City'


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS Commercial property rents 'on the rise in the City' The rents commercial property owners are able to charge in central London are increasing, it has been claimed. According to a new report from CB Richard Ellis, the demand for such property has increased significantly since the beginning of this year. During the first three months, over two million square feet of office leasing deals were agreed, it noted. This is the second-highest total since records began being collected a quarter of a century ago. The Times points out that this surge in demand for City properties will enable owners to charge more. It said: "This is good news for developers of buildings that are already completed or are due to be finished soon because they can squeeze up rents." Recently, director of Commercial 1 Limited Daniel Churchill suggested that the decision by chancellor Alistair Darling last month to raise stamp duty for properties worth more than £1 million is disappointing, Bridging and Commercial reported. Related Articles: 30/3/2012 - EPC changes to affect buy-to-let landlords 27/3/2012 - Rent increases drive strong buy-to-let yields 27/3/2012 - Property industry welcomes 'sensible' planning reforms 2/3/2012 - Arla advises landlords to 'invest wisely' 1/3/2012 - Basel III could hit commercial property lending More Property Law News