London Docklands is ‘Best Office Space market’

The London Docklands, home of Canary Wharf and a financial area, is suffering from lack of space, which will help the chance of rises in office space rent in the future say Moody’s Investors Service.

Other cities in Europe icluding Warsaw are more likely to drop serviced office rates as buildings continue to be created for leased office reasons. The credit crunch may help conditions to deteriorate by way of lack of investment by banks etc in office space.

From almost 8 million square feet of space, the Canary Wharf Group had only 40 thousand square feet available to rent in its buildings earlier this year.

So whilst uncertain times are ahead for businesses in general, Canary Wharf and Docklands serviced office space is looking in a very healthy position.

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