Kings Cross Office Space have been monitoring rental levels during 2014 and have seen a steady increase in the asking rents from Landlords or tenants offering office space to sub let. Most recently a grade A space has come to the market as a sub let. The space is in one of the prime buildings on Pancras Square which is located within the King’s Cross Development.
The King’s Cross office market has been attracting some exciting companies such as Louis Vuitton Google and Havas Media Group. Rent on pre letting deals were around £50.00 per sq ft per annum, but have been growing steadily for some time now.
The space available to sublet is about 3,000 sq ft, located on the part 2nd floor of Pancras Square. The agents letting the space are expecting strong interest, and hope to find a tenant willing to pay more than £70.00 per sq ft per annum exclusive of business rates, service charge and also the Estate Charge.
Recently the property press have been commenting on the office rental market increasingly achieving rents of above £70.00 per sq ft in Midtown. Midtown in the area also know as Holborn, but for some the Kings Cross Office Space market also forms part of it.
At the moment there is a flight for quality which is seeing tenants wanting good quality space, may have to look further than their core search locations. Kings Cross with its good choice of new buildings has meant that tenants seeking quality are happy with what they find. The question now is more can they afford it?
Central London still offers budget conscious tenants the opportunity to seek out better value office space. Kings Cross office space also doesn’t need to be expensive. There are deals from £30.00 per sq ft per annum exclusive upwards. Also the serviced office market has accommodation available at the moment also.
If you are looking for office space and serviced offices in kings Cross then please email email@example.com or call the office 020 3434 3860.