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Some landlords appear to be struggling to let space and are starting to feel the pinch from the traditional slower summer months, but this hasn’t affected certain Mayfair property owners, convincing a company to offer a rent ahead of £100 per sq ft per annum exclusive.
Does this mean that Mayfair is back to where it was in 2008, in terms of market demand? Morgan Pryce thinks not, but we have noticed an under-supply of high spec and top end options. So it’s a simple lack of choice for tenants rather than strong tenant demand that has meant a landlord can start counting his money at such heady heights.
If you’re looking for value then Mayfair may not be for you, but speak to Morgan Pryce London’s expert office search company and we’re be sure to find you the right office.