Rents fell by 0.4% in Q4, with further falls expected into the spring, reports property consultant Cluttons. The current decrease is following a remarkable period of consistent growth of nearly 9% between Q4 2010 to Q4 2011, reaching a level 10.3% above the market peak in Q1 2008.

The reason behind the tenants’ sensitivity is said to be the lack of promotion and nervousness over job prospects in the City. Landlords are now more flexible as they are keen to keep good quality tenants in place and minimise void periods.

Read the full report here.