Research article

Rental record

The race for space. The return to the office. Hybrid working. We chart how factors such as these have influenced the performance of rental values across the London and commuter belt markets since 2020

So, what is next for 2022?

The imbalance between supply and demand suggests upwards pressure on rents will be maintained at least over the short term.

Across London, we anticipate rents to continue to increase over 2022, supported by wage growth. Longer term, there is capacity for further growth despite the strong rebound.

In the commuter belt we forecast the rate of growth to slow over the coming years. We expect pressure to ease as stock begins to return to the market.

There are some factors in the short and long term which may impact the prime market, such as regulatory changes and energy performance certificate requirements, both of which may limit available rental stock.


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