Office rents in Central appear to have bottomed out, following seven months of decline, according to Jones Lang LaSalle.
In its October Property Index, which indicates movement of property rentals and prices, the property consultancy said the momentum in the office market was changing.
''The office market in Central appears to be bottoming out,' said Tim Bellman, director of research and consultancy at Jones Lang LaSalle.
'In the third quarter, effective rents were broadly unchanged after seven consecutive quarters of decline,' he said.
Capital values rose 3.7 per cent in the third quarter and had rebounded more than 8 per cent from the first quarter's low point, Mr Bellman said.
International director Samuel Whiffin said the past 18 months' take-up levels had been very strong at 3.5 million square feet.