Post Financial Crisis, London Office Market Enjoys Strongest Recovery on Record
2015-10-26Also, the current recovery is proving to be far more enduring than that seen after the early 2000s downturn. Indeed that market cycle lasted just six years, with the arrival of the Global Financial Crisis in late 2007. However, today we are over seven years on from the market peak for rents, and growth is still occurring, and expected to continue.
City office rents - downturns and recoveries compared for the early 90s, early 2000s and post-2007
Unlike previous downturns, the current recovery began within two years of the initial crash and has been sustained for over 5 years. This compares favorably to the 2001/3 and 1989/91 crashes which took over 3 & 4 years respectively to post a recovery, and even then they were short lived."
Source:http://www.worldpropertyjournal.com/real-estate-news/united-kingdom/london-real-estate-news/london-office-market-report-2015-london-office-rents-knight-frank-office-space-for-lease-in-london-the-global-financial-crisis-bradley-baker-9449.php
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