South east businesses could grow quicker than in the City

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BUSINESSES who use office space in the south east are expected to expand quicker than those in London, according to research.

The Royal Institution of Chartered Surveyors Annual Occupier Survey, in association with EY and Savills, conducted a survey and respondents in the south east expect to increase almost double the amount that companies in London will.

Julian Lyon, director of Worldwide Occupier Services at Savills, said: ‘Given the potential increase in cost pressures for office space in central London, we would expect to see a greater level of occupational activity and expansion in the outer London and south-east markets.

‘The positive net balance of occupiers expecting to expand across the south east over the next five years is an encouraging market sentiment.’