There was an 11% rise in the number of tenancies agreed in prime central London and prime outer London in the year to April versus the previous 12-month period, new research from Knight Frank shows.
The higher-value rental market in the capital has also strengthened over the last year, whereby, the total number of deals per Knight Frank office between £1,000 and £4,000 per week was 13% higher in April this year than the corresponding month last year.
The high-value rental market in the capital is being supported by growth in demand from renters, particularly corporate demand, as reflected by a 2.4% rise in the number of tenants registering with a budget of between £1,000 and £4,000 per week. The equivalent figure for rents below £1,000 a week was flat.
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