Rents in Shoreditch Break the £50.00 per sq ft mark – Oh No !

Shoreditch Office Space is the only agency with their unique tenant only business model looking to help tenants find the best deals rather than assist Landlords in getting the highest rents. So it was a sad day when we started to hear rumours that some Landlord agents were trying to push rents up to the £50.00 per sq ft price range.

These lofty levels have already been achieved in nearby Clerkenwell, but for brand new high specification office buildings. The type of spaces we are getting a sniff of being let at £50.00 per sqft per annum don’t actually even have air conditioning.  They are however the quintessential East London Dream office – i.e high ceilings, wood floors and load of character.

So to put this into perspective. Shoreditch is now pretty much on rental parity with Covent Garden, The City, Noho and Victoria. Rents are cheaper in places like Holborn, Euston, Kings Cross, London Bridge and Camden.

Shoreditch Office Space now actually see serviced offices in Shoreditch and Tech City being better value than they’ve ever been due to the rental increases on Leased spaces.  Our view has increasingly become that for fast growing start ups seeking flexibility, a three year Lease may just be too long a commitment.

Serviced Offices offer flexible contracts typically 6-12 months and with non of the hassle of buying furniture, complex documentation and long legal processes.

If you would like to discuss an office search, or would like to talk about serviced offices in Shoredicth then please contact [email protected]. Shoreditch Office Space is an independent search and negotiation agency based in the heart of Shoreditch helping companies and people find their dream serviced office, office space or studio.