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Welcome to WestLondonOffices.com the source for latest news and developments in the west London commercial property market. Here you can follow the trends in the market in the Market Update. You can search for available offices if you are reviewing your property requirements or a company looking to move into the area. Find offices to let in Kensington & Chelsea, Hammersmith & Fulham, Chiswick and Paddington courtesy of Frost Meadowcroft. Please also check out the useful links on the left hand side of this page. NEWSMarket Summary Q1 2012Welcome to the first update of 2012, giving you an up-to-date view of the office market west of the West End and providing an insight into prevailing trends in this sector. The west of West End market has begun 2012 with a flurry of office lettings and a number of substantial planning applications granted for development schemes. The impact of the European sovereign debt crisis has not hit the west of West End as we feared it might at the end of Q4. With demand and confidence improving, office rents have increased slightly to best rents of £34.50 in Hammersmith and £42.50 at Chiswick Park and Kensington High Street. It seems inevitable that rent-free incentives currently available to tenants will start to reduce. BBC Magazines have taken the 60,000 sq ft Vineyard House, 44 Brook Green, Hammersmith. The rent they are paying for the former Lyons factory property is £34.50 per sq ft. They have relocated from 80 Wood Lane where Imperial College has submitted its plans for nearly 1 million sq ft including a health and research facility and student housing. This will be called Imperial West. |