Following the news that the City of London has achieved a new prime headline office rent of £160 psf, Bull & Bear discuss how far this rental growth in the UK's prime offices could go.
The shortage of new build development across the UK is a concern to some and Bear thinks the Iranian war will further impact development viability.
Despite this, Bull points out that prime rents seem to be exceeding minimum economic rents to make development viable and as tenants continue to pay top rents, the rental growth prospects show no signs of slowing down.
On top of that, the signs are that the UK's regional cities are keeping comparative pace and could be on track to break the £60 psf mark soon.