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West End serviced office market remains stable 15 February 2009
The performance of the West End serviced office market in London has remained relatively stable throughout this quarter contrary to unfavourable market conditions, with Executive Offices Group completing 38 serviced office deals so far this quarter in London’s prime West End. The West End covers the serviced office market in London’s popular Mayfair, St James’s and Belgravia locations.
This new West End serviced office business has been made up from the following industry sectors:
- Financial Services – 58%
- Business Services – 13%
- Other – 12%
- Property – 10%
- Energy and Commodities – 7%
Points of interest in the West End serviced office market:
- Interestingly, the Financial Services sector has continued to perform exceptionally well in the West End serviced office market, proving that hedge funds and boutique financial services companies are still alive and kicking in the West End.
- The range of business sectors taking West End serviced office space demonstrates the enduring popularity of the West End as a desirable business location, regardless of sector.
- Our two most popular buildings this quarter are Palladia, 42 Brook Street W1 (5 deals) and Corpnex, 8 Grafton Street W1 (4 deals). Both serviced office buildings have maintained high occupancy by offering stylish and affordable serviced offices in a sought after Mayfair location.
Executive Offices Group offers a wide range of flexible serviced office space throughout the West End including Mayfair, Belgravia and St James’s. To find out about current availability within our West End serviced office portfolio, please don’t hesitate to contact the Executive Offices Group central sales team on 020 3008 8888 or email enquiries@eogroup.com
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