Derwent reports strong demand for office space and rising rental values

By Carl Brown2022-11-03T11:28:00

Commercial real estate developer says occupier demand is ‘good’ despite political and economic turbulence

Derwent London has reported an increase in its estimated rental values and says demand remains strong despite the recent upheaval in the market.

The developer, in a third quarter trading update today, said its lettings totalled £9m in the first nine months of the calendar year, with its estimated rental value 12.7% higher than the same period last year.

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