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Central London office availability is low...
Victor Harris reports on the Central London office market talking about general office availability and market conditions in 2011.
Victor Harris has found reports that suggest the office availability overall is at 7.7%. However this figure in the City is generally higher at closer to 9-10%. It is clear that the West End is a more desired location that that of the office market in the City. With the help of prestigious locations such as Mayfair in 2011 businesses are completing on office leases leaving 65% remaining vacant. In comparison to the West End office market where 75% of office space completed in 2011 is either let or in solicitor’s hands.
Office Shortage in 2011
Clearly there is a shortage in office availability particularly in the West End office market. However this is not the concern because generally in the West End the is concerns that the amount of new office space that is being refurbished is in decline by 3-4%. Office availability has declined to 32% in the past 12 months alone. In Mayfair the offices available has fallen leaving the total available office space falling suddenly by 44% in the past year.
Victor Harris is aware of the shortages and offers businesses their professional services when looking for offices in Central London, West End and Mayfair. Our office service allows businesses to have complete coverage in these office locations allowing for management of the businesses looking for offices to focus their attention on the day-to-day running of their own business.
For more information of our office finding service please contact us by e-mail email@example.com or visit www.victorharris.co.uk.
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Victor Harris is a professional property company established in Central London. We are passionate in the work we do we therefore offer our client's very professional services within the commercial property market.