Welcome to the fourth update of 2014, giving you an up-to-date view of the office, investment & development market in west London and providing an insight into prevailing trends in this sector.

Q4 MARKET SUMMARY

Record office rents were set in Fulham at the Fulham Green & Coda Studios complexes in SW6. Raffles Media took the last floor available at Ocubis’ Riverbank House, Fulham Green for £44 per sq ft and only 500 sq ft remains at Threadneedle’s 65,000 sq ft Coda Studios following a flurry of lettings at £42.50 per sq ft. As well as good office demand these rents have been caused by a lack of supply. The Borough of Hammersmith & Fulham is down to an availability rate of 1.9%. A major contributing factor of this is Permitted Development (PD).LBHF is the borough with the 3rd highest number of PD applications.
Office availability is at an all-time low generally in west of West End. Paddington has an availability rate of 5.1%, Royal Borough of Kensington & Chelsea is at 1.3% and Chiswick is at 3.2%. The combination of good office demand and supply being lost for conversion to residential in the non-exempt parts of Paddington, Hammersmith and Fulham and Chiswick, has resulted in…DOWNLOAD TO READ IN FULL