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
Just how impartial is your real estate adviser?
Trouble in paradise? It had to happen sometime the only question was when.
Well the answer for Cushman & Wakefield came pretty quickly following the announcement of its take-over by DTZ.
WR Berkley Corporation, who will occupy around 20% of its new flagship 400,000 sq ft Lime Street Tower, EC3 has been forced to look for an alternative leasing adviser.
The seeds of the conflict of interest arose as a result of C&W joining the leasing team to work alongside DTZ who were originally appointed by the US insurer.
It got me thinking. Just how impartial is your real estate adviser?
If you’re worried about Chinese walls and the impact this could have on your business, let me tell you about the real world benefits of transparent, objective and conflict-free tenant representation.
Fingers crossed for some late summer sunshine.
ML