28 Apr 2014 Back

Victor Harris Commercial | Commercial Property Agent

Commercial Property


Following on from previous Victor Harris Commercial news we write this article which will focus on our commercial property service. Victor Harris are a commercial property agent based in London. The company offers tenants representation in the following areas:- 

Finding a commercial property in London. 
Ensuring you get complete coverage with office availability. 
Negotiating commercial property leases. 
Commercial property consultancy. 

Our commercial property experience is vast and not only do our systems provide coverage but also they help our clients with comparable evidence in Central London. More information about our commercial property agency service can be found on www.victorharris.co.uk 

West End Office


Location  Average Office Rent (psf)  Rent (psf) for Grade A offices  Supply Summary
Knightsbridge   £35.00 - £55.00  £80.00+  Shortage
Mayfair  £35.00 - £55.00  £90.00+  Limited 
Marylebone  £30.00 - £40.00  £65.00+  Slightly limited
Soho   £35.00 - £55.00  £65.00+  Limited

Given the lack of supply in the West End it nicely shows how the shortage has caused ripply effects across Central London. In comparison Shoreditch average rents are currently at £25.00 per sq ft - £35.00 per sq ft. Grade A offices in Shoreditch are currently showing levels in 2014 starting at £45.00+ per sq ft. 

Beyond the obvious issue which is there is simple not enough available offices the easements in planning allowing for more residential buildings to be built or converted are having clear strains on the market. The question is will the market cope. It is important to remember once a building has been converted into residential use it cannot be converted back to offices because of the shortage in residential supply in the general market. 

Companies increasingly are using Victor Harris to help not only provide advice but also to ensure they find their desired office. 

Get in touch if you would like us to quote to be your relocation agent. 020 7183 8458 or by e-mail info@victorharris.co.uk 







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Victor Harris Commercial Limited

 




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