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Paddington is a very desired located with a lack of Grade A space, as the area is full of developments occupiers eagerly await the influx in availability and gentrification of the area which will follow. When exiting East of the station the quality of office building is already in line with what occupiers are look for, just not enough to full the demand.
2 Kingdom Street recently had a floor launch onto the market through Regus serviced offices and desks are starting at £400 a month. The type of companies looking in this area hugely range from Media, Recruitment, to Fin Tech.
The most recent development in Paddington to be talked about is what they are calling ‘Shard in the West’ – a 65 storey building which will be developed in Paddington amongst 1 billion dollars’ worth of development being planned to transform Paddington to first class west end location.
Teresa Beatty a commercial surveyor at Morgan Pryce has said “The new building in Paddington will become an iconic building in London and will contribute to the face lift Paddington is currently going through.”
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.