Calling all office tenants: Shorter is definitely sweeter

Calling all office tenants: Shorter is definitely sweeter

Reaffirming our own findings MSCI’s 2016 Lease Events Review reported that the average UK commercial property lease for the first half of the year is now only 7 years with increased tenant incentives (rent-free periods and landlord’s capital contributions) observed over the same time.

Nearly 40% of all leases signed during H1/16 incorporated a tenant break clause.

By comparison the average length lease in London is 7.8 years compared to 9.5 years in Q4/15.

Short term flexible leases now account for 10% of all transactions in London, a figure that is expected to rise to around 30% within the next 15 years.

If you’d like to review your leasing options and create a winning strategy that will have landlords competing for your business, call me on 07968 191 233 for a personal perspective on the benefits of transparent, objective and conflict-free tenant representation.