The number of companies setting up base in London commercial property is continuing to rise, after new figures showed occupancy levels are still on the up.

A new study conducted by Colliers International found that there was a surge in occupancy of offices in all the capital's key locations.

For example, the fastest rate of commercial property take-up since 2005 was recorded in the West End, while only a lack of available new developments prevented the City from following suit.

"Absorption appears to have peaked in the City and is close to peaking in the West End. Nevertheless, we expect to see increased absorption of good quality second-hand stock as Grade A product becomes scarcer," explained Mike MacKeith, head of central London offices at Colliers International.

Hugh Best, head of investment management at London Central Portfolio, recently said he expects the capital's property market to be fully back on track by 2016.

Posted by Darren PurseADNFCR-2842-ID-800619666-ADNFCR