Incentives to tempt businesses to offices have got less generous for a number of new London developments as employers compete for modern space, research has found.
As at the second quarter rent-free periods, often offered to get longer leases over the line, typically ranged between 20- 26 months on a 10-year lease for new and refurbished Grade A space in central London on deals for 5,000 sq ft and above. The incentive is slightly higher in some peripheral locations, according to Carter Jonas.
