Central London commercial property supply 'to be tight in 2010'

The total supply of commercial property in central London is expected to be "a bit tight" in 2010, according to an expert.

Clive Bull, head of the central London investment team at Cushman & Wakefield, said that industry commentators are now well aware of which buildings are available, as there is "not an awful lot" emerging.

He added that the conditions mean those who require space need to "think quite seriously" about where to find the offices most suitable to them.

"For the last two years, people have not been pushing through these developments and the only things that are coming through are the things that were already more than half way developed," he explained.

"If you have got a genuine space requirement and you want to move, then there is a finite amount of space you can take.

According to figures released by King Sturge, prime central London commercial rents are set to increase by 10.5 per cent by the end of 2010.