Interest in offices in Victoria has gradually increased over the last few years, a trend which has been observed by Morgan Pryce, the London commercial property agent – and it is thought this demand will continue. Ongoing development of the area has driven the burst of interest in Victoria.

According to Morgan Pryce, the London Commercial Property Agent, the imminent completion of the Crossrail development may turn Farringdon into one of the most favoured locations for companies looking for offices in Central London.

Commercial property agents in Central London have seen a rise in the number of overseas investors over the past few years: from North America, the Middle East and Germany.  While Europe still faces some unprecedented challenges and the Middle East remains largely unsettled, Central London will retain its status as a resilient market: ‘’Overseas investors are looking for a market which is more stable than their home market,‘’says Tom Lax, surveyor at Morgan Pryce.

The trend in respect of rents for offices in Holborn has now reversed, observes the London commercial property agents, Morgan Pryce. From 2008, rents began to fall rapidly, but due to several new developments in the area, it appears that rental figures have started to improve.

According to the London commercial property agent Morgan Pryce, located both in the West End and in the City of London, prime rental growth for offices in the West End will be weak in Q4 2012.

Just a couple of months ago a residential property owner burdened with squatters would have faced a long ordeal, obliged to issue civil proceedings in court and prove that the squatters had trespassed, before a conviction could be obtained. This process was both costly and time-consuming. Last month, squatting became illegal and the Ministry of Justice issued guidance for police and other law enforcement agencies on the new criminal offence.

Mayfair already attracts the highest rents for offices in Central London and it appears that these rents are increasing.  This has been the experience of the Agents at Morgan Pryce, the London commercial property agent.  Prime rents for offices in Mayfair are currently averaging around £95.00 per sqft and are increasingly achieving over £100 per sqft.   Agents have anticipated that the record high for rents for offices in Mayf

Morgan Pryce, the London commercial property agent, has observed a significant decline in the number of offices for rent in Covent Garden and the surrounding area. Converting commercial space to residential property has become increasingly profitable for landlords and developers within Central London and this has had a growing impact on the number of offices for rent in Covent Garden especially.

One of the most frustrating aspects of being a commercial property agent in London is that in the era of the internet, the art of office search is being commoditised in much the same way as the residential market.  Whilst on the face of it this should offer tenants a better chance of locating office space in London, the reality is that lazy and suspect practices in terms of keeping stock on websites up to date is causing more

Morgan Pryce, the London based tenant acquisition agency, has secured new media space for Flashlight, the London based photographic digital studio. “Highgate Studios is a great option for clients looking for Media space in North London and we are delighted to secure this space for our client” confirmed John Cuthbert, Agent with Morgan Pryce.  “The building has had a lot of interest from potential tenants of late so it is always good to secure a space in the face of stiff competition.”