Falling energy prices take the sting out of office cost rises

The cost of occupying office space in the UK has stabilised in 2023, according to property consultancy Lambert Smith Hampton (LSH).
In its annual Total Office Cost Survey, LSH has analysed the total occupancy costs for offices in 54 key locations and revealed soaring costs across the board.
Across all the surveyed locations, the average cost of occupying a new-build office increased by 3.4 per cent over the over the 12 months to September 2023, dropping sharply from the record 12.4 per cent year