SOS > Search Office Space expands its world class commercial real estate database of serviced offices further with the latest addition of a prestigious business centre in London’s exclusive Knightsbridge.
The new serviced offices in Knightsbridge offer clients the opportunity to do business in one of London’s premier addresses. In addition, the new business centre offers an impressive package of office services and IT capacity that is scaled to fit business needs of any size.
The new business centre in Knightsbridge is in one of the most exclusive commercial and residential parts of London. Lying to the west of Central London, the new centre is in close proximity to Belgravia, Chelsea, Mayfair and Hyde Park.
An up market district, very few office space providers have managed to gain entry in this exclusive area. Home to major national luxury retailers such as the iconic Harrods, Harvey Nichols, and Peter Jones, Knightsbridge is also the chosen bases of renowned international designers such as Jimmy Choo and Manolo Blahnik. The high concentration of top end commercial activity makes Knightsbridge an office space market unlike any other in metropolitan London. In addition, Knightsbridge is only one of two international centres under further development through the London Plan. The purpose of the development proposals under the London Plan is to build on the current economic base and promote internationally.
The market for Knightsbridge office rentals is among the most expensive and attractive in the world. Being a commercial hub, the area is in high demand not only from the residential sector but also from the commercial sector. With such a strong demand for commercial office space in Knightsbridge, very few firms actually succeed in acquiring business in this market. The historically consistent demand for Knightsbridge office rentals is largely unaffected by high letting rates which currently average £110.79 per square foot. This is an increase from rates of £103.46 during September. While other high price markets around the world have shown a decline in demand and rental rates, prices for office space in Knightsbridge have remained relatively stable. The new business centre is due to open in April 2009, however, serviced office space is currently being let off plan.
Richard Smith, SOS > Search Office Space Managing Director and founder commented: “This new addition in Knightsbridge is ideal, especially since the options for office space to rent are limited in the area. I would not be surprised to see the centre opening in April with an occupancy rate of over 95%. Knightsbridge is a well sought after location in London, and the office solution and rate offered by the centre is unique in the area.”