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London skyscraper rents rising faster than the rest of the world

Rents in the UK capital rose twice as fast as those in San Francisco amid demand for tall, landmark buildings

Rents in London’s skyscrapers are soaring, rising much faster than those in other major cities around the world, due to booming demand for landmark buildings and a lack of new office space.

The upmarket estate agent Knight Frank said the cost of renting in office towers such as the Shard, Walkie Talkie and Cheesegrater rose 9.7% to $126 (£87.50) per square foot in the second half of 2015 from the previous six months and by 21.4% from a year earlier.

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