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London Area GuideMayfair Office Space To Rent

Area Overview

Mayfair – St James’s are two distinct areas in the heart of London’s West End, situated within the City of Westminster. They include notable thoroughfares such Park Lane, Oxford Street, Piccadilly, and Regent Street.

Mayfair is named after an annual fair that took place until 1764. It is renowned for its high-end retail, restaurants, and affluent residents.

Adjacent to Mayfair, St James’s is an equally high-net worth location incorporating royal houses, theatres, and several embassies.

While still a residential district, offices sit alongside corporate headquarters, hedge funds, law firms, and financial sector businesses.

What to do and see

  • retail

    Oxford Street & Regent Street retail districts

  • gov

    Royal Academy of Arts & The Fine Art Society gallery are located in this district

  • education

    University of Westminster and London School of Economics call this area home

  • restaurants

    16 Michelin Star restaurants are located here, more than any other area in London

  • parks

    Businesses and residents benefit from 3 Royal Parks

The Workforce

The Mayfair and St James’s workforce is led by the main business sectors such as hedge funds, financial consultancies, and company HQ’s. In recent years there has been a further concentration of boutique investment firms. This cluster of investment firms sits alongside more traditional business and a growing technology base to the east of the district.

Hospitality, whether hotel or restaurant is a big part of the local economy. A highly cosmopolitan area, it is enjoying a renaissance lately with redeveloped commercial spaces.

Transport

  • transport-overground

    Jubilee Line, Victoria Line, Piccadilly Line, Central Line, Bakerloo Line, Northern Line

  • transport-underground

    1 new Elizabeth Line station

  • transport-crossrail

    Charing Cross Station

Employment & Industries

transport-crossrail transport-crossrail

Growth Sectors (GVA) 2015-2019

  • economy-finance

    Financial & Insurance
    - up by 58%

  • economy-information

    Information & Communication
    - up by 53%

  • economy-government

    Government
    - up by 21%

The Office Market

The Mayfair and St James’s office market is known for its high rents, making them the highest in the UK and often the world. This level of cost has primarily been driven by the size of office space, accessibility to surrounding amenities and residential properties, and good access to Heathrow airport.

A traditional and historic part of London, the area has seen significant redevelopment in recent years with local property owners modernising office stock, such as that seen at the Crown Estate’s St James’s Market.

Business Districts

  • Regent Street
  • Hanover Square
  • Berkeley Square
  • Green Park
  • Piccadilly
  • Pall Mall
  • St James’s Square
  • Curzon Street
  • Savile Row

Major Employers

  • cinven
  • twitter
  • kkr
  • evercore
  • glencore

Largest deals in 2020-21

Company Sector Building Size (sq ft)
Twitter Media 20 Air Street 89,581
Evercore Partners International LLP Financial 14-15 Stanhope Gate 43,127
Waypoint Capital Financial 1 Berkeley Street 34,334
G Network Telecoms 7 Swallow Place 18,921
Government Art Collection Government Old Admirality Buildings 15,929

Mid sized deals in 2020-21

Company Sector Building Size (sq ft)
Troy Corporate 33 Davies Street 5,045
Stone Harbour Services Financial 48 Dover Street 5,511
Henley Investments Financial 50 Grosvenor Hills 5,557
Exodus Point Financial 20 St James's Street 5,777
67 Pall Mall Ltd Retailer 55 Pall Mall 6,015

Prime Office rents

PRIME RENTS PSF GRADE A GRADE B
MAYFAIR | ST JAMES’S £110.00 £80.00

Flexible Office rents

FLEXIBLE OFFICE £ PDPM GRADE A
MAYFAIR | ST JAMES’S £750 - £1,500

Mayfair Office Space To Rent Offices

25% Further Reduction

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Serviced Office

Dover Street, Mayfair, West End, London W1S

Price from £900 per workstation/month

Modern, Distinguished & Convenient. Dover Street is a modern and prestigious office development integrated into...
24/7 Access Control

24/7 Access Control

Lounges

Lounges

24/7 Security Monitoring

24/7 Security Monitoring

25% Further Reduction

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Serviced Office

Sackville Street, Mayfair, West End, London W1S

Price from £800 per workstation/month

Just one block behind Regent Street, this fully refurbished period building, in an unbeatable West...
Large Conference Facility

Large Conference Facility

24/7 Access Control

24/7 Access Control

24/7 Security Monitoring

24/7 Security Monitoring