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Morgan Pryce completes on prime Clerkenwell office space for Marketing firm

Morgan Pryce completes on prime Clerkenwell office space for Marketing firm
11th July 2017

Morgan Pryce completes on prime Clerkenwell office space for Marketing firm

Morgan Pryce, on behalf of a multi-national marketing firm, has recently completed the acquisition of approximately 5,000 sq ft of prime office space in the prestigious area of Clerkenwell.

The office floor, in a building which has just undergone a complete refurbishment to Category A specification, was acquired on a brand new, five-year straight lease at £67.50 per sq ft with nine months rent-free to be taken up front, representing an above average deal in the Midtown submarket.

Eugene O’Sullivan, Managing Director at tenant acquisition specialists Morgan Pryce, says; “Midtown – Clerkenwell in particular – has seen strong rental growth over the last few years, with incentives at a minimum in comparison to other submarkets. However, the deal achieved in this instance offers a strong financial package and is representative of the tenant-friendly market that we now find ourselves operating in; 2017 is proving a good time for tenants looking for new office space”.

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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