Net Effective Rents for Prime London Offices Approach Pre-pandemic Levels

A fall in rent free periods being offered across the London office market have led to net effective rents rising faster than headline rents.  Net effective rents for prime space continued to rise in Q1 2023 and are at around 0.5% of their pre-pandemic levels.  Headline rents, across London’s sub markets, however, have been somewhat static, despite an ongoing lack of supply. Some districts have seen an increase, most notably core City of London (3.4%) and Soho (2.7%), but overall growth in prime central London headline rents sat at a modest 0.4% during this quarter. Over the past 12 months to Q1 2023, prime headline rents across central London increased by an average of 2.6%. Across the four key submarkets, the strongest rental growth was in the City at 3.6%, followed by the West End at 3.4%. Docklands saw growth of 1.85% over the year, while Midtown increased by 0.8%. Looking at the net effective rent based on [...]

Net Effective Rents for Prime London Offices Approach Pre-pandemic Levels2023-05-09T14:45:52+00:00

Wonderful Spam!

Wonderful Spam! Okay - granted you need to be of a certain age to remember the above scene from Monty Python but suffice to say it wasn’t really a promotion for said product Why oh why, therefore, do we keep getting bombarded with it?  And the quality of it so shockingly bad!  The latest to land in the in-box here at HM was from Oli at “digital marketing experts” Add People.  Oli suggests we may want to meet so could we email him back, with a thumbs up, and Frankie will be on the blower to arrange a time., Okay - so here’s what I am thinking.  Being a “digital marketing expert”, Oli, you must think blanket, unsolicited email (Spam, Spam, Spam, Spam) a good idea, or why would you use it yourselves 🤔. That being the case we don’t really need to see you we can just follow in your footsteps.  Right let me fire up my [...]

Wonderful Spam!2023-05-09T10:41:11+00:00
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