New Year, New Business
27th January 2014
Q4 of 2013 was a very good finish. With most businesses
working up until the very end of the month it meant that in the final weeks of
the year everyone was trying to push their deals over the line, to clear their
pipeline heading into January.
Here at Gryphon Property Partners it was no different. We
were very fortunate to close a number of deals that had been in the pipeline
for a number of months. These were both in serviced offices and office to let
across London. Details of these deals will be added to our website and social media
Heading into 2014 we are confident that the busy December is
just a sign of things to come. January has already begun at a fairly frantic
pace. We have seen a sharp rise in both enquiries and new business centres opening.
This can only be a positive sign for the market.
Serviced offices in London have seen a very positive step
forward over the last few months, all the major providers out in the market have
looked to take on new centres and expand their portfolios. With this happening
we are expecting to see a slight reduction in market price/value initially, as
centres all compete to get their occupancy up as quickly as possible. The knock
on affect being that in the latter part of this year the market will be pushing
rents higher as space becomes more of a premium. So if you are thinking of
moving serviced offices in 2014, we would suggest looking sooner rather than
It is not just the serviced office market providing new
options to the market; Gryphon Property Partners has been instructed on the
office letting for 125 Wood Street, EC2. This is an extensive refurbishment
including a new floor on the 8th level and new facades. This
building is based just off Cheapside and is a stone’s throw from St. Pauls. The
building totals just over 65,000 sq ft of offices to let across 10 floors,
including lower ground. This property is due to open in the autumn of this
If you have any questions or require some more information
on any of the above please do not hesitate in contact us at email@example.com.