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Morgan Pryce has just completed on 6,500 sq ft of prime space in Euston, NW1. The deal, carried out by agents Sally Pillow and Andrew Ingram, was on behalf of a prominent FinTech company and was completed at £54 per sq ft with 15 months secured on a 10-year term, and a tenant option to break after the fifth year – an extremely good deal for the area.
Euston and Kings Cross have seen a huge shift in occupier demand over the last 10 years, with high profile tech companies taking large floor plates and setting up their headquarters, of course the most prominent of these being Google.
Eugene O’Sullivan, Managing Director at tenant acquisition specialists Morgan Pryce, says: “Euston and Kings Cross are exciting locations for occupiers to consider. Agreeing a deal at £54 per sq ft with 15 months rent free is extremely competitive in the market and highlights how Morgan Pryce are a factor in driving rental levels down on behalf of occupiers in London.”
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.