The area of St James’s boasts some of the most exclusive addresses in London. Sitting adjacent to Buckingham Palace and the Mall, St James’s is a much sought-after, illustrious area, and one of the most expensive locations for office rent anywhere in the world.
St James’s Park is the oldest in London, having housed a leper hospital in the 13th Century it became one of Henry VIII’s many deer parks and he built St James’s Palace as his hunting lodge (now the home of Prince Charles). With such a prestigious history, it is unsurprising that St James’s attracts such prestigious clientele, including the private equity houses situated on London’s famous Hedge Fund Alley, property companies and art dealers, including the world-famous Christies.
Office space in St James’s Park is predominantly period buildings and is generally typical of London’s Mayfair office space.
St James’s Park office rents start from £60.00 and can reach as high as £110.00 per square foot for the most prestigious addresses, with business rates ranging from £35.00 to £55.00 per square foot. Taking service charges into account, an all-in cost per square foot for St James’s Park offices can be estimated at £103.50 to £181.00 per square foot.
St James’s offers excellent transport connections, although the major tourist attractions in the area mean the stations and trains are often very busy. The area is serviced by St James’s Park tube station, Victoria mainline station – providing easy access for out of town commuters – and Charing Cross.
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