November 2013

One of the key features of serviced offices is flexibility, and this benefit has resulted in an extremely wide range of occupiers. 

With the recent rapid growth of the TMT sector, we have seen demand and rents increase massively in a number of different sub-markets within Central London. The two areas which have seen the most significant growth are Clerkenwell and Shoreditch which are now seen as the two coolest places, not...

With London’s property prices increasing steadily, another factor is set to add yet more fuel to the flames of the capital’s property market.  Crossrail, the rail project due for completion in 2018, it is predicted, will add up to 13% to the value of property, an increase which is set...

The market is busier than ever at the moment, with agents and tenants alike trying to complete their transactions before Christmas arrives. The final four weeks of play this year will see the final push from agents to get their ducks in a line and as many clients under offer...

The government recently introduced a change to planning laws so that the conversion of office B1 use to residential C3 no longer requires planning permission. As said by Christina Weguelin, one of the acquisition surveyors at Morgan Pryce, “Since the floodgates have opened to lessen planning laws to allow the...

Serviced office provider and property consultancy Ventia Ltd announced its year-end figures this week. In just three years of trading Ventia has managed to take advantage of the resilient London serviced office market, despite the general downturn, and achieved a turnover of £4,256,290 and a net profit of £793,617.

Offices in the City vacancy rates over the past 18 months have been the highest since the Lehman Brothers went bust, but the last 2 quarters have seen more office take-ups in the City than the West End. As a result the vacancy rates have dropped below 9%. Over the...

The trend of the serviced office looks set to continue as an ever greater proportion of the commercial property market is taken up by this rental model.  Demonstrating this upwards-only surge in popularity is the serviced office provider Regus. The company has revised its figures for planned new centres in...

The landlord of West London’s 160,000 sq ft building has announced that it has secured its first major letting. It has let 75,000 sq ft to Betchel Corporation, who are a leading engineering and construction firm. Betchel have taken a straight 10 year lease term, the rental rate is £28.50...

The leasing market in Midtown in 2013 Q3 figures returned to a more average quarterly take up in particular. At just under 450,000 sq ft of take up, which is an underlying number excluding pre-lets, it has to be said it was a very good quarter in the Midtown leasing...