Real Estate Investor Magazine South Africa April 2015 | Page 60

UK PROPERTY

Central London Office

Properties
A story of supply and demand
BY LAURENE VAN COLLER

W

ith the general election around the corner
and anticipation building for the Rugby
World Cup, London has an exciting year
ahead, but that is not all that is happening. The London
Office market is booming.
According to tradingeconomics.com, the growth in
the United Kingdom, albeit moderate at 2.7% year-onyear (y/y) in 2014, has resulted in capacity constraints
in certain pockets of the UK economy. The London
office market is benefiting from restrained supply and
increased demand from an array of tenants eager for
space in the capital. With the basic principal of supply
and demand at play, the outlook looks promising.
The economic growth is leading to increased
employment and is e