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Eversheds comment: Scarcity allowing London towers to defy slowing global economy

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    Commenting on news that office rents in London’s skyscrapers rose almost 10 percent in the second half of last year, Bruce Dear, head of London real estate at Eversheds, says:

    "There is a floating city above London in the Canary and City tower clusters. Space in these towers is scarce and high status, like high-rise white truffles. So the towers' rental market obeys different laws to the rents of ground dwellers. Ultimately, scarcity is allowing these towers to defy the slowing global economy."

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