The Southbank East rental market is significantly outperforming the rest of London, with high-quality spaces such as Arbor driving this growth, according to CoStar in their recent trend report. Here are the key takeaways:

• Southbank East has a fantastic offering to occupiers thanks to “improvements in local amenities, good access to public transport, vibrant cultural offerings” and an abundance of high-quality workspaces.
• Patrick Scanlon, Senior Director of Market Analytics at CoStar, describes Arbor as “the very best stock” in an area that has been transformed from a fringe submarket to an established office destination over the last 20 years.
• Since the end of 2014, average rents in Southbank East have grown by almost 50% compared to an average of 30% across the rest of London.

Arbor’s location in an area bursting with culture is a key draw, as well as its exceptional transport links. As Patrick Scanlon cites, however, it is the 5* quality of workspaces such as Arbor that is driving these results, as occupiers demand quality spaces that suit their current and future needs, be that through sustainability or style of workspace.

Read more via CoStar: CoStar News – Spotlight on London’s Southbank East: Improving office market conditions point to a healthy recovery