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ARTICLE · 10 JANUARY 1996

Rent Index November 1995

Hillier Parker
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United KingdomReal Estate and Construction

West End Office Rental Values Achieve 10% Growth over the Year

Rental value growth over the quarter to November was 0.6% - an increase on the previous quarter's figure of 0.2%. This is due to higher growth rates in both the retail and office sectors. Over the 12 months to November, rental value growth was 2.3% - marginally below that of the expected rate of inflation (3.1%).

The retail sector managed to turn around a fall in rental values in the previous quarter to record a 0.5% increase. Rental value growth over the year was 1% - the same growth as in the year ending in the previous quarter. Central London has once again provided the greatest growth in rental values - 2.7% over the quarter and just over 9% during the last 12 months. Apart from Yorkshire and Humberside, Wales, West Midlands and the South East, all regions showed positive rental value growth over the quarter. Outside central London, Scotland recorded the greatest rental value growth.

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