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A sweet deal

16th May 2014

A sweet deal

It seems as if it should be easy to find an office in London. You go onto google type in offices in the area of your choice and you should be able to see everything that is available. Then pick and choose which spaces you would like to view. Unfortunately it doesn’t work this way and it can become very frustrating spending hours online searching for offices and not coming up with anything that could work.

This is why companies really need to appoint an acquisition agent in order to get full exposure to the market, especially as it is extremely tight at the moment with demand far outstripping supply. Therefore in order to find the right space in the West End you really need to be finding out about spaces when they come onto the market because otherwise it is too late. Having Morgan Pryce as your agent will allow you to not miss anything that is available. 

Morgan Pryce just did a great deal which tied in two of our clients and would not have been possible without inside market knowledge. A media company had grown quickly and were looking for 2,500 sq. ft. They had been searching for a while but had no luck. They instructed Morgan Pryce to find their office realising they needed an agent to find what is available. 

There was not much space on the market but we had a client who was downsizing their London office to save on costs from 2,500 sq. ft. We were able to do a straight swap (not quite as easy as that!) but through Morgan Pryce’s expertise a new lease was agreed for both tenants. It’s only through knowing who else is moving that we are able to do those sorts of deals for our clients.

This news was brought to you by Morgan Pryce, a specialist tenant acquisition agent with offices in Oxford Circus and the City. Morgan Pryce specialises in search, negotiation and project management and works exclusively for tenants.

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