This month saw another increase in office rents in the country’s capital. Offices in Clerkenwell and Shoreditch were the biggest movers again this month as prime office space saw rents increase from £37.50 in Shoreditch to £40 per square foot. Clerkenwell experienced the same sort of increase; £42.50 to £45 per square foot. So how are rents being pushed up, against this backdrop of such economic gloom and European uncertainty? 

Knightsbridge was originally a small hamlet outside the City of London, between Chelsea and Kensington and is home to many of the world’s most expensive shops, including the department stores of Harrods, which was recently purchased from Mohammed Al Fayed by the Qatari royal family, and Harvey Nichols. The district also has banks that cater for rich individuals, such as Coutts, the bankers for the Queen.