‘TMT’ out grows finance sector in West End office space
Technology media and telecommunications firms have taken up the largest amount of 
office space in the West End.
Office space in London‘s West End now has more tenants in the telecoms, media and technology sectors than in the traditional areas of banking and finance for the first time since the start of the millennium.
The findings come as part of a report by commercial property analysts King Sturge who state that companies in the technological and new media business account for 23% of leasing and rent, compared to 14% in the financial services sector.
While the new technology and media firms are currently enjoying the adulation of the City’s financial district – due in part to Facebook’s recent £31 billion valuation by Goldman Sachs – analysts have warned that there could be another burst bubble to go with the 2001 financial crisis in the dot.com industry.