The pace of rental growth accelerated in the first half of the year for “the best offices in the right locations” as stabilising yields boosted confidence across the sector, CEO Paul Williams said in the statement.
British-based property investment and development firm Derwent London has upgraded its rent growth guidance for the second time this year as demand for the best office space outstrips supply.
The London office landlord expects its estimated rental values to grow as much as 6% this year, up from 2.1% in 2023, according to a statement Thursday. The company had already upgraded its rent guidance in February, when it predicted growth of up to 5%.
