London Offices Reports Increase in Cost of Westminster Office Space

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The 2012 average is actually now higher than the average of £559 in 2008. This is significant since this price was recorded at the ‘peak’ of the office market.

(PRWEB UK) 7 March 2013

London Offices, one of the leading online search services for serviced office space in London, reports that the cost of Westminster office space increased during 2012, with an average price which exceeded that recorded at the peak of the market during 2008.

The cost of office space in Westminster rose from an average of £545 per workstation per month in 2011 to an average of £672 per workstation per month at the close of 2012.

This rise in Westminster office prices occurred despite a 7% decrease in the number businesses taking space in this area of Central London. In addition, those businesses securing office space in Westminster also had smaller requirements, with an average of 6 workstations per business in 2012, compared with 7 workstations on average in the previous year.

One suggestion is that the price rise can be attributed to the number of businesses seeking higher quality office space. The 2012 average is actually now higher than the average of £559 in 2008. This is significant since this price was recorded at the ‘peak’ of the office market.

Westminster covers much of Central London and is home to some of London’s most enduring landmarks, in addition to a host of Grade A serviced office space in some of the most desirable addresses in the commercial world.

The London Offices website is an online portfolio of stunning serviced office space in the capital, with a diverse body of properties to choose from in all major commercial areas of Central London - including Westminster.

Visitors to LondonOffices.com can explore a selection of serviced offices in Westminster, or can browse the spaces available by individual WC postcode. An interactive street map is also available through which users can discover an array of properties. There are so many to choose from that they’re guaranteed to find a space to suit their needs.

The website is also a rich source of information on each of the areas of London and their properties, along with facts and figures which help businesses to understand the London office market.

Visit LondonOffices.com today to find out more, and explore the current listings of premier serviced offices in Westminster and the rest of London.

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