It has become increasingly obvious to Morgan Pryce, the London commercial property agent, that the kind of tenants being attracted to offices in the City has started to change. Offices in Bank and the City are now starting to tempt the technology and media industry rather than the major banks for which the City is traditionally known. 

According to Morgan Pryce, London’s commercial property agent, non-European investors are becoming more prominent in the commercial real estate market in London. 

According to Morgan Pryce, the London-based commercial property agent, office space in Victoria is increasingly becoming one of the most sought-after areas for large occupiers to move into. Potentially, offices in Victoria could rival large commercial space in offices in the City. 

A new development in St James is set to become available to the commercial market. This will lead to a 20,000 square foot increase in space available to businesses that are looking for offices in St James. In addition, 45,000 square feet of retail premises will be created, and ultimately, 40,000 square feet of space for new homes may also form part of the development. 

According to Morgan Pryce, the London commercial property agent, demand for offices near Liverpool Street will increase further. This upward trend for offices in Liverpool Street has been, and will continue to be, driven by overseas investors. £2.9 billion was traded over 39 deals in the second quarter of 2012, the focus of these deals being offices in the City.

Morgan Pryce, the London commercial agent, has seen a significant rise in businesses that are seeking offices in Mayfair. Mayfair benefits from being close to a number of key transportation links and is a vibrant and creative part of the capital. Also, offices in Mayfair come with a desirable address that can add value to companies of all sizes. 

Morgan Pryce, the London commercial property agent, believes that offices in London Bridge have a lot of potential, and should be considered by the owners of developing businesses who are looking for premises in London.

Demand for investment property and offices in Central London is still outstripping supply, principally because the investment market of Central London still remains the number one destination for overseas money.  Offices in the City still prime focus

One of the largest hedge funds, Brevan Howard, is rumoured to be seeking new offices in St James and it is thought by Morgan Pryce, the London commercial property agent, that the cost of leases may increase as a result.  The new offices will replace their cheaper office on Baker Street, but the primary role of the move is to provide suitable office space for Brevan Howard employees who no longer want to live in Geneva.

Permission has finally been granted for the redevelopment of the Fruit and Wool Exchange in Spitalfields, which will see a much-needed increase in available commercial property in Shoreditch.