London office market leading the recovery

So, we’ve all been credit crunched for over 2 years now – since 9th August 2007 to be exact but once again London is at the forefront of recovery.

According to RICS, the Royal Institute of Chartered Surveyors, demand for office space in London has increased with net balances for enquiries, demand and confidence turning positive since the onset of the credit crunch in 2007.

The London commercial office and property market appears to be leading the turnaround in tenant activity with retail and office demand moving at a faster pace than elsewhere.

Greater and central London office markets has seen tenant demand rise for the second consecutive quarter and at more than double the pace of the previous RICS survey period.

So what does this mean? Well it means that it’s a great time to be setting up business in London – as the economy starts to recover and entrepreneurs and established businesses grow in confidence, starting a business in London or expanding your business in London has never been more crucial.

In addition this increase in demand for office space means more businesses in London, more potential networking opportunities with new businesses and clients to be made and more reason to touchdown London.