According to a recent research by Knight Frank, the only UK city that witnessed increase in its prime office space rent was Cardiff. The research also suggested that if new stocks are opened up, the spring of 2010 in addition to the winter of this year might witness rise in prime office rents in office markets of Swansea and Newport.

However the rise was not uniform even for Cardiff as it took almost fifth percent of the third trimester of the year for the rents of £21 i.e. the high ticket rents to be reached. The rents saw this real hike with the architectural firm, B3 Burgress announcing the lease of 4,000 sq ft office space in the area under Cardiff Callaghan Square scheme.

The month of October also saw same rent of £21 for lease of a building by the law firm of M&A Solicitors in Cardiff. The law firm entered into the contract for desk space of 10,000 sq ft at the 3 Assembly Square scheme.

However, it is also to be noted that some of the best deals in this area have cost the landlord a fortune as some of them went on to offer the tenants free stay for over two years for leases of ten year.

As per Claire Higgins, the Head of commercial research at Knight Frank, the office rents market in London is not expected to see a similar rise due to the after effects of recession, though other areas of UK are more likely to keep growing. She also added that there is a possibility that the prime office rents will stay as they are.