By August 2009, offices in Marylebone had a vacancy rate of 10% along with no pre-let office buildings signed off in the first six months of that year. The sub market was dominated by betting and charity shops with the area needing serious development and regeneration. If we now fast-forward to the first six months of 2013, it is reported that vacancy rates have now fallen to 3.5% and there has been 85,000 sq. ft.