Demand for London City offices has fallen for the first time since 2005.Partially it has occurred because of unpopularity of east areas of the business centre among potential tenants. Range of rented office areas in City were reduced during first six months of the year 2007 almost to 40 percent in comparison with second half of 2006.Rent rates for City offices have grown for 12.5 percent for the period from January till June, 2007. In business centers cost of square meter in a favorable place reaches 2200 dollars (about 1076 pounds sterling) per year.However, in 2007 London has been recognized the most economically attractive among European cities again, so the real estate of the city is still interesting to investors.
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