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Landlords have reduced the prices of office space in an effort to attract businesses across London, an effort that seems to work as central London office space that was let rose by 98pc in just three months.

The rise in office letting suggest tenants may be stepping into the commercial property industry again which is a good sign for the economy.

UK property rental companies have felt the results of the economic recession dramatically leading to pre-tax losses as their capital values dropped. Thus, they are willing to get any amount of cash flow re-established which led to the great deals in office space that businesses are now snapping up – click for info on offices to let London.

During Q1 of 2009 the NB Real Estate research shows that office letting increased from 923,000 square feet to 1.8m square feet. The news however is somewhat overshadowed by the increase in vacancies in the city from 7.4pc to 8.4pc in the West End area and a similar rise of 10.2 to 11.3pc in the city as new office space buildings entered the market creating new vacancies.

However, the new vacancies are not alarming industry experts as accountancy firm BDO Stoy Hayward reported investor returns are improving up to -.9pc from a much lower -5.27 at the beginning of 2009. The current level is the highest investor level seen in commercial property in the UK in over a year.

Once the vacancies fill the market may even begin to cost more, which would be a strong boost for the commercial market in general and the second step in rebuilding since the recession.