London’s West End has topped the list of the most expensive office space once again, according to CBRE’s Global Market Rents survey.

In the wake of the US subprime housing crisis, London offices have deteriorated faster than any other European property market according to a report by Moody’s Investors Service.

British Land has submitted a proposal to Birmingham City Council to build a 35 storey office block.

Demand for commercial property fell at the highest rate in the past 6 years in the first quarter of this year, with office space being the worst hit sector,

Office builders in London are cutting the number of plans for new spaces by half, according to a report by Jones Lang LaSalle Inc.

Investors are increasingly worried about the profitability of their commercial properties and office spaces.

Construction of Land Securities Group Plc’s office building tower may be delayed as a result of uncertainty in the commercial property market.

The increase in empty property taxes heralded in April’s budget will lead rents down one of two routes, as asserted in the Wall Street Jounal.

The South West of England has become a hub of activity for the telecommunications and IT industries with large areas being dedicated to office space in this area.

Lettings by banks accounted for just 8% of all new City office lettings in the first quarter of 2008 compared to their usual 40% proportion, according to commercial property agency Atis Real.