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Influx of tech firms in Central London to revive commercial property market

9th February 2012
A sudden influx of technology-orientated businesses securing Central London office space is likely to help underpin long term confidence in the capital’s commercial property market, according to estate agents Knight Frank.

The commercial property experts revealed a number of the world's largest tech firms have chosen to snub other major European cities in favour of renting office space in Central London.

Giants Facebook, Google and Apple have all secured premises within the English capital in the last 12 months and James Roberts, head of commercial research at Knight Frank, believes their mere presence could help breathe renewed trust in the Central London commercial property market.

He said: "If office demand from tech firms doubles during an economic slowdown, it will be interesting to see what happens when growth improves."

Read the full story Tech firms to underpin commercial property confidence in London on today.
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