London’s property market shows resilience in spite of Brexit

New research has suggested that London remains one of the most popular locations for businesses.

Analysis by the estate agent Knight Frank found that rents for office space in the capital’s skyscrapers are still the highest in Europe.

Indeed, prime rents in buildings which exceed 30 storeys are around double those found in the cities Paris and Frankfurt.

“That London still commands the highest skyscraper office rents in Europe, despite the Brexit uncertainty, is a statement of its resilience and popularity as a business location,” said Knight Frank’s chief economist James Roberts.

“Firms are willing to pay more to be in London skyscrapers than those in Frankfurt because they view the UK capital as a more important international hub.”

While the desirability of premises in financial districts such as the City of London and Canary Wharf is well known, the research also showed the levels of demand in the capital’s Silicon Roundabout – a popular tech hub centred around the Shoreditch area.

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