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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

Oxford Street & Regent Street retail districts
Royal Academy of Arts & The Fine Art Society gallery are located in this district
University of Westminster and London School of Economics call this area home
16 Michelin Star restaurants are located here, more than any other area in London
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

Jubilee Line, Victoria Line, Piccadilly Line, Central Line, Bakerloo Line, Northern Line
1 new Elizabeth Line station
Charing Cross Station

Employment & Industries

Growth Sectors (GVA) 2015-2019

Financial & Insurance
- up by 58%
Information & Communication
- up by 53%
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

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