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.


Office to Resi development

27th July 2015

Office to Resi development

With office vacancy being consistently at historic lows the latest market research reports show no surprised with West End office vacancy’s at only 3%. This drought in supply has hugely been caused by a change in planning to allow office to residential development across London without the restrictions which were once in place. Although this problem has been identified and action is in motion to stop this drain in office space as a mass portion of it has been converted to residential, there has been talk about these plans being delayed or even stopped and there being an extension on office to residential permitted development rights.

Commercial property industry professionals have urged councils not to let this happen in fear it will take away the remainder of the commercial office market. Any decisions have now been put on hold until September. Teresa Beatty a commercial surveyor at Morgan Pryce said “The market is already at breaking point with most business finding their rent will either double – triple when renegotiating a lease or experiencing rent reviews after a 5 year term.”  

As companies are no longer able to afford the same areas they are now spreading further out of zone 1 and into predominantly residential areas. This will show office prices continue to rise and long term over take residential as the demand intensifies.

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.