New space remains in short supply on the South Bank with the largest space on offer some way away from the river.
This is a market that needs development to provide critical mass. With the Bankside scheme pre-let, the pipeline is starting to look a bit thin, particularly with further delays to the "Shard of Glass". The 165,000 sq. ft. refurbishment of Kings Reach tower is the largest scheme where King Sturge are instructed.
Prime rents on South Bank stand at around £45 per sq. ft.