Office space rental values will soar in months to come, it has been predicted, amid a supply shortfall for premium offices.
Schroders – a money manager which is rumoured to be considering moving to the mooted 100 Bishopsgate development - heads the list, which also includes insurance broker Aon and merchant bank Close Brothers.
The shortage of suitable premises, coupled with the companies’ overlapping lease expiration dates, is expected to be a boon for rental values in the short term.
Conditions in the sector are also likely to see the revival of a number of projects which had been indefinitely postponed or scrapped, as the likes of British Land and Land Securities scramble to service the growth in demand.
These include the Walkie Talkie and Cheeesegrater skyscrapers.