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Interest in offices in Victoria has gradually increased over the last few years, a trend which has been observed by Morgan Pryce, the London commercial property agent – and it is thought this demand will continue. Ongoing development of the area has driven the burst of interest in Victoria.
There has been an evolution in the kind of properties found there: the new development has increased the amount of retail space and number of offices in Victoria, which in turn has resulted in making the area a more desirable place to live and work. Cardinal Place highlights how Victoria has changed, functioning as both a shopping centre and a striking office block.
“Access to shops and cafes creates a pleasant environment to work in and this will certainly make offices in Victoria highly desirable,” says John Eden of Morgan Pryce.
As Victoria has exceptional accessibility, including a direct train to Gatwick Airport, many parties are interested in the location, including several parliamentary offices. Offices in Victoria tend to be cheaper than offices in Mayfair and much of the rest of Central London.
Ahmed Al-Ansari, of Morgan Pryce believes that “offices in Victoria will always be attractive to many tenants as they are located in a highly accessible part of Central London with leases at a more reasonable price.”
Victoria is a location within London that has many benefits and lots of variety, and since its recent evolution now offers even more to tempt new tenants.
Morgan Pryce is 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.