Welcome to the summer edition of the LOG. The central London office markets have been pretty buoyant over the last few months but are now showing signs of running out of steam. Especially at the smaller end of the market. Doubts about the economic recovery seem to have replaced the recent feeling that the worst was over and that the economy was growing again. The doubts are the result of some recent events. Namely, the impact of the sovereign debt contagion from Europe and big spending cuts along with higher taxes to cut the UK's own massive deficit. Also the possibility of the financial markets being over regulated. A double dip recession would not surprise me.
Before you start your search for new offices make sure you read the market updates at the beginning of the City, Midtown and West End sections. Also make sure you read the other editorial articles at the beginning of the Guide. The more you know about business rates, service charges, legal issues and fitting out cost the greater your chances of making the right office space decision.
The Office Guide is an important and useful reference source for anyone with an office space requirement in London. We would like to stress, however, that it is always important to get professional advice. We strongly recommend that you discuss your requirement with an agent who specializes in the area where you would like to have an office. Contact an agent whose ad appears in the office directory or in the agent directory.