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Morgan Pryce meets a lot of clients who are looking for between 800 and 1,500 sq. ft. At this sort of size companies sometimes tend to be unsure of whether they need an agent to find and secure them new office space or not. They have often moved a couple of times before, often between serviced offices and do not realise how complicated and time consuming it can be to take a lease.
The market has got very tight across all of Central London, especially in the West End. With the economy picking up and confidence being restored, there are many more growing movers in the market causing a huge increase in demand for office space. That demand at the moment is not being matched by supply, partly because of relaxed planning laws allowing landlords to convert offices into residential without having to go through the usual planning procedure. With residential values way out stripping office values, any landlord with an opportunity to convert to residential is doing so.
Therefore, in this market, knowing what is coming available before the rest of the market can be one of the best ways to secure a new office space. It is extremely hard to get full exposure of what is available on the market right now without using an agent to search for you, let alone try and find out about a space which is going to be coming onto the market soon.
Using Morgan Pryce to find your new office will give you full exposure to what is available on the market as well as fantastic market knowledge of what is coming available in the coming months.
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.