West End Occupiers moving East
The most expensive area to lease an office in London is in the West End. This has caused many companies to up ship and set up an office further East. For Media Company’s the trend is to be in either Clerkenwell or Shoreditch in a converted warehouse with wood floors and exposed brickwork. Demand for the ‘quirky’ office space in these areas has gone through the roof and has seen rents double in the past couple of years with rents being commanded north of £40.00 per sq ft.