SORRY, BUT WE DID WARN YOU...!

SORRY, BUT WE DID WARN YOU...!

In Autumn 2014, we flagged up strong office rents growth in the major London markets, including a resurgent South Bank. Click here to view the full story.

Record Office Rent at The Shard It has been confirmed that the 26th floor (15,912sq ft) at The Shard, London Bridge, SE1 has been let at £90psf, breaking all records and double the 2013 typical level.

This is a City rent level, in excess of typically quoted Shard terms and will be sure to add to landlord rent expectations generally along the Southbank which is in seriously short supply. The Shard now has only 5 floors (out of 72) unlet and take-up has been very strong throughout 2015. Other rents are bound to get dragged upward, bad news for rent tenants facing rent reviews and relocations.

Will 2016 see the market march on to hit £100psf? Or could this rent be a last hurrah as global growth concerns and interest rate rises begin to affect the financial markets? Interesting news!