Derwent London has reported that the fundamentals of the London office market are continuing to strengthen, despite a "volatile" economic backdrop.

The recovery of London's office market has been ongoing since the end of last year, with falling interest rates and a return to office work bolstering occupancy levels, as reported by City AM .

"Demand [is] well above the long-term average and [there's] a significant supply shortage at the top end... Central London office rents are growing and values continue to recover," stated Derwent.

Prime rents have seen a 10 per cent increase over the past year as leading firms vie for best-in-class space amid a flight to quality in the market.

Supply of the "right space" is limited, added Derwent, with businesses prioritising "high quality, well-

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