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London office market chalks up record occupancy costs

Supply squeeze driving the trend
London office costs at the prime end continue to rise. (Getty Images)
London office costs at the prime end continue to rise. (Getty Images)

London office occupancy costs, which include rent, business rates and service charge outgoings, have reached record highs, with new prime West End space now typically costing £262.50 per square foot a year, reports Carter Jonas.

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