UK property recovery leads to shortages in the square mile

Commercial agents operating in the heart of the city are becoming increasingly concerned with a steady erosion I the quantity of quality prime office space within the square mile. This news comes as a shock to many of the pessimists who were busy looking at the last quarter?s data. The speed of the recovery in this sector has taken many by surprise. The first quarter?s data showed some dramatic declines and the worst trading conditions for two decades. The sudden take up of prominent commercial leases by some large blue chips have had a sudden and impressive positive effect on this market. The lease with potential to purchase of some prime office space by the bank of China seems to have started a great period of recovery. There have also been several rumors that the Royal bank of Canada could also have a potential interest in some prime London office space.