Help! London is running out of office space

ByMartin Levy

Help! London is running out of office space

It’s really getting hard to find the right space and the very best deals as central London vacancy rates have hit a desperate 14 year low.

The West End has less than 3.5% availability the lowest rate for 26 years.

The City and Docklands just 5.0%.

Fortunately we negotiated early lease breaks for many of our savvy clients who are now able to capitalise on better rental value in emerging markets like Aldgate (£55 per sq ft), Shoreditch (£60), South Bank (£62.50) and Kings Cross (£75).

Where are we taking many of our new start-up clients? Lambeth, Elephant & Castle and Kennington.

Sssshhhh keep it to yourselves – we don’t want to create a stampede!

If you’re as anxious as we are about reduced vacancy and rising rents across all central markets and the impact this could have on your business, call me on 07968 191 233 for a more personal perspective on the real world benefits of transparent, objective and conflict-free tenant representation.

With all good wishes.

ML

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