The past 18 months have seen rental records being shattered across the capital. St James’s achieved the global record, with prices reaching £185 per sq ft, whilst rents in SE1, midtown, The City and Canary Wharf have all increased dramatically. London is the centre for commercial real estate; rents have been on the rise for years, finally reaching a staggering 70% increase in prices seen in 2011, with a lack of supply and constant demand for space driving costs up. As such, the cost for new businesses ‘setting up shop’ in the capital has become incredibly expensive.