Property company Derwent London said rents grew at their fastest rate since 2016 last year as demand for office space in the centre of the capital hotted up.
The company, revealing financial results for 2024, said growth in estimated rental value (ERV) doubled to 4.3% as occupiers scrambled to secure high quality space in good locations in the West End and the City amid a vacancy rate of just 2% in the most in demand areas.
