Supply is extremely low and we are seeing record rents across the West End. This is driven by retailers and restaurateurs’ desperate to grab their piece of the pie.
£1500 zone A rents in Old Bond Street is definitely going to happen. The big fashion houses are all fighting for the larger footplates and are currently paying beyond logic prices to grab space in Bond Street or immediate side streets.
They are desperate to protect their businesses in the long term, but the values defy gravity.Share: