The sky's the limit, at least for now. Photographer: Matthew Lloyd/Bloomberg
The sky's the limit, at least for now. Photographer: Matthew Lloyd/Bloomberg

London developers have seen rents for the capital's iconic skyscrapers rise faster than for the rest of the financial district in the past three years, according to Neil Callanan of Bloomberg News.

So the Trade of the Day is to buy towers of London and sell New York high-rises; London office space rents for $982 a square foot, compared with just $697 in Manhattan, according to indexes compiled by Real Capital Analytics.

To contact the author of this article: Mark Gilbert at magilbert@bloomberg.net.

To contact the editor responsible for this article: James Greiff at jgreiff@bloomberg.net.