London’s office spaces have become more expensive throughout 2010, with rental rates rising and the cost of operating in the city centre growing every month. In the first period of long-term price increases, it’s not just London that’s benefiting from the improved business market: it’s everywhere.
The UK’s regional office spaces have seen a slight increase in rent since the start of the year, with businesses opting to move into low-cost office space at the expense of a more central location. Several large business developments in London have been delayed of cancelled, leaving the city centre with a limited amount of space and businesses with ever-growing office needs. 
Removals firms have been busy moving businesses back into larger offices, as many opted to downsize during the recession. While the UK’s economy is officially on the rise, many businesses are slightly cautious about moving into expensive central city office space just yet.
For regional building owners, the shift in rentals is a good thing. Despite modest improvements in price, most building operators and property firms are quite pleased with the healthier rental market. Whether the trend continues is anyone’s guess – analysts believe the central London rental prices will drop in the coming months, while others are concerned about potential increases.


