Covid-19: We are still 100% open for business...
Find out more
New Deals!

8 Desks for Global Podcast Producers in Highbury N5

44 person serviced office in Hanover Sq for telecoms company

2750ft2 office floor for new creative agency in Curtain Rd EC2

No real surprises on our recently published central London office rent guide for Q3 2019.

In summary I would say:

  • Headline rents remain unchanged from the last quarter. Quoting office rents in Covent Garden – for example – show signs of inflating, but I suspect well-negotiated deals done will be at lower levels. For the time being we are keeping the guide for quality office space in Covent Garden at £65.00 per ft2.
  • Some good news for tenants: we are finding landlords will often bend over backwards to keep good tenants in their office buildings. So if their existing space still meets their needs, we are often negotiating favourable terms to renew leases.
  • Rent free remains at 9 – 12 months on a 5-year term for taking space direct from landlords.

Landlords will often bend over backwards to keep good tenants in their office buildings

As we enter the Brexit Endgame…

The London office market is surprisingly robust, given our daily diet of scary political and economic news. Maybe we are just so monumentally bored by Brexit that business decision-makers have stopped watching Newsnight!

I look forward to writing my next post at the end of Q4. We may then have a better idea if are “DOOMED” as Private Frazer of Dad’s Army used to say. On the other hand, maybe we’ll be witnessing a slight rebound, as the UK economy trundles into a future with Europe – divorced but still retaining marital benefits!

London office market surprisingly robust in the Brexit Endgame

For a chance to win this fabulous Apple iPad Pro with 11″ screen – worth £769.00 – enter our competition today!

  • With edge-to-edge Liquid Retina display this iPad Pro looks amazing and it’s fast too!
  • It can be operated by touch, pencil, magic keyboard and trackpad.

About Ian Kitchener

Ian Kitchener

Ian has advised Central London office occupiers for over 20 years. He loves fighting their corner and making sure they get what they need - a great office on the best commercial terms available.

Did you like this post?

Receive FREE updates direct to your inbox.
Everything you need to know about London office space!

Privacy Policy: We hate SPAM and promise to keep your email address safe.