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

Trade of the Day: Buy Towers of London

Mark Gilbert is a Bloomberg Gadfly columnist covering asset management. He previously was a Bloomberg View columnist, and prior to that the London bureau chief for Bloomberg News. He is the author of “Complicit: How Greed and Collusion Made the Credit Crisis Unstoppable.”
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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.

This column does not necessarily reflect the opinion of Bloomberg View's editorial board or Bloomberg LP, its owners and investors.

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Mark Gilbert at

To contact the editor on this story:
James Greiff at