Welcome to

Our Knowledge Centre combines a unique set of useful tools to assist ALL office movers. Use our moving guides, office space calculator, dynamic rental map and other tools to get an idea of what type of office your company needs. We’ll make sure you get there.
Register for FREE now and get full access.


City catches rest of Capital in diversity of tenants

28th July 2015

City catches rest of Capital in diversity of tenants

Office rents across the capital have hit record highs – £180+ recorded in St. James’, £80+ in SE1 and the City Core, whilst prices in historically low-cost areas have seen radical changes from 5 years ago; tenants can now expect to pay at least £50 psf for a prime Shoreditch office space. With demand and a lack of supply inflating costs, development across the Capital has peaked. There is now over 9.5m sq. ft. of office space under development across London, however over one third of this has already been pre-let. This has left tenants with a dilemma – stay in ‘trendy’ areas that are synonymous with their business market, at a potentially higher rental cost, or move to an area that does not wholly fit in with their company profile. 

Ollie Salter, surveyor at tenant acquisition specialist Morgan Pryce, believes companies are sacrificing postcodes for more reasonable rental costs in alternative areas,

“The TMT sector has, over the last 5 years, seen a massive shift into Shoreditch, Old St and the surrounding areas, predominantly due to the low rental costs associated with those areas. However, we are now seeing costs in Shoreditch and Old Street reaching mid-high £50s, creeping up towards and beyond City rental levels. There has been a slight shift in the profile of companies that are now moving to the City. SurveyMonkey have recently taken over 5,000 sq ft in the Salesforce Tower, whilst other TMT companies are viewing potential flexible floorplates and lower rent as an attractive proposition.”

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.

Login and get FULL AND FREE ACCESS to our unique Knowledge Centre.

Morgan Pryce treats personal information safely and securely. Read more about how we store and protect information in our ​Privacy Policy​.

Forgot your password?

Please enter the email address used to create your account and follow the instructions to recover your password.

Didn’t receive an email? Check your spam inbox!

Create Your Account

Instructions have been sent to

Well Done!

Please check your inbox for a confirmation email.
You can manage your account details, email alerts and shortlists directly from your account.

or continue browsing


Thank you for confirming your email address! You are now subscribed to our Newsletters.

By continuing your browsing on our site, you agree to the use of cookies to perform visit statistics. Read more about our ​Cookie Consent Policy.