London is one of the most expensive cities in the world and this naturally extends to the cost of offices. The West End has again topped the list of most expensive places in the world to rent. It outstrips Hong Kong and New York on a scale of inclusive costs.
London is made up of a number of 'Villages' such as Victoria, Mayfair, Soho, Hammersmith, Paddington and Kings Cross. Usually based around the transport terminals or historic activities, these villages have their own particular characteristics and appeal to a variety of commercial tenants.
Mayfair and St James's are unsurprisingly the most expensive parts of the Capital, but Victoria, South Bank and Shoreditch are also experiencing significant uplifts in value. Severe lack of stock as well as the upturn in the global economy have both contrived to increase rental figures.
However, whilst the headlines are grabbed by the landmark offices blocks and hedge funds over-paying for their 'must have' address, other companies are finding good value space by using the right advisers.
Using a commercial agent can enable you to find otherwise unavailable property. It might be the end of a lease or a property pending development, but there are deals out there - so do not despair.
You can still have a slice of London at a realistic rent without finding yourself in Zone three or the Essex borders...
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