As a result, prime rents have continued to slide to £57.50 ($90) per sf in the City and £67.50 ($105) West End. And DTZ is warning that headline rents will continue to come under pressure over the next few months, coupled with a further increase in the value of inducements.
Jonathan Evans, Head of West End Agency at DTZ, said: "The picture for the immediate future still remains uncertain, with signs that occupiers that do not have to move immediately are delaying, and landlords are becoming increasingly keen to agree lease renewals at very competitive rates.
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