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July 2014

The Gherkin for sale!

Perhaps the most iconic building in the City of London has been put up for sale on the open market after it went into receivership earlier in the year. 30 St. Mary’s Axe, otherwise known as the Gherkin has struggled over the last five years due to adverse interest rates...
31st July 2014

Summer Lull

The summer is well and truly in full swing right now and the market has subsequently come close to a grinding halt. The July/August months are very difficult months if you are in the process of acquiring office space, with so many different parties involved and each vital for the...
29th July 2014

Fit out cost go through the roof as demand returns!

The last 6 months have seen take up figures for Office space in Central London soar with take up already 17% up on 2013 with the market expanding into new areas. The matter has been made worse by the fact the market has 30% less availability for occupiers in the...
25th July 2014

Amazon: principal tenant at Principal Place?

It has been reported this week by the Estates Gazette that the online retail giant Amazon is close to agreeing a lease of around 400,000 square feet in London’s Silicon Roundabout area. The site in question is Brookfield Asset Management’s Principal Place development, and Amazon would become the occupier of...
24th July 2014

Half-way point in the year

Interesting figures at the half way point in the year reveal what every agent has been thinking for the last 6 months, demand is up and supply is continuing to fall. Figures suggest that take up of Central London office space us up 17% over the past 6 months, compared...
24th July 2014

Expansion for Canary Wharf

This week saw a decision by Tower Hamlets council to give the go ahead to a new development at Canary Wharf – one that will include residential as well as office, retail, hotel and restaurant space. Canary Wharf group purchased the land in 2012 for £60.4 million.
23rd July 2014

Rent free is the key to savings

Morgan Pryce deal with a many companies who are moving into taking a lease for the first time. Often they have come out of a serviced office where they have had one monthly cost which encompasses all the costs of occupying office.
21st July 2014

Google Ventures to London

Confirmation of earlier rumours has arisen in respect of Google Venture’s opening of a London branch, by way of a blog post on the company’s website. 
17th July 2014

Morgan Pryce secures office space in Mayfair

Mayfair has been for a while the home to the most expensive real estate in London and arguably the world. There are not many companies which can afford to occupy space in Mayfair and the ones that do tend to be there because of the prestigious address and what that...
16th July 2014

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