Office rents across the capital have hit record highs – £180+ recorded in St. James’, £80+ in SE1 and the City Core, whilst prices in historically low-cost areas have seen radical changes from 5 years ago; tenants can now expect to pay at least £50 psf for a prime Shoreditch office space. With demand and a lack of supply inflating costs, development across the Capital has peaked. There is now over 9.5m sq. ft. of office space under development across London, however over one third of this has already been pre-let.