Office occupiers from London’s traditional markets are increasingly looking towards the City Fringe in search of space and value, according to Belcor agency specialist Rob Elman.
Elman was the UK’s top individual office dealmaker on the Radius Rankings for April in terms of deals numbers. He managed six completions amounting to a combined 12,500 sq ft of space.
He believes City Fringe is still well stocked with the sort of high-quality, characterful office buildings needed to bring workers back, and says occupiers will increasingly look towards it rather than more central areas where rents are at “insane” levels.
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