Posted by Gareth Williams, Partner
On 1 September 2016 Withy King LLP merged with Royds LLP. The trading name for the merged firm is Royds Withy King. All content produced prior to this date will remain in the name of the firms pre-merger.
London’s commercial property market is booming
Investment in central London’s commercial property market has reached its highest level since before the financial crash.
In 2014, investment hit £20.5billion – only a little less than the levels recorded in 2007.
Demand far outstripped the premises available in the city and this trend is expected to continue this year.
Property in the City of London and Docklands is particularly sought after. In the final quarter of last year, investment in these areas reached £5billion – the highest three month figure ever recorded.
Overseas money continues to dominate the market, as has been the case for a number of years. Americans now account for almost 20 per cent of the cash being pumped into the capital, although the number of European investors is also increasing.
Industry experts expect that the forthcoming General Election might briefly cool the market, but any slump in foreign investment is likely to be temporary.
At Royds, our Commercial Property team are available to advise individuals and businesses on lettings, leases and all aspects of property transactions. For more information please visit or contact Gareth Williams or Bharat Nahar.
Commercial property and premises are a vital part of most businesses.