Mayfair serviced office space, London

Properties of the month, September 2011:

Davies Street more detail...

Hanover Square more detail...

Brook Street more detail...

Grosvenor Street more detail...

Hanover Square  more detail...

Dover Street more detail

Bordered by Park Lane, Regent Street, Oxford Street and Piccadilly, Mayfair is considered one of the most prestigious in London and although is mainly commercial in nature, still boast major retail outlets and the highest concentration of exclusive restaurants and hotels in London. Residential property is also available within the area with the area offering a mixture of period style and refurbished buildings. The area is a popular location for private banks, hedge funds and property related businesses of which large sections are owned by landlords such as the Grosvenor family and the Crown Estate. Generally the highest rental values for residential and office buildings within Southern Mayfair on streets such as Curzon Street, Queen Street and Old Burlington Street to name a few. Most prestigious addresses are those overlooking squares such as Grosvenor Square, Berkeley Square and Hanover Square. Headline office rents in Mayfair currently stand at £75.00 per sq ft per annum exclusive however before the recent recession rents north of £100 per sq ft per annum exclusive were achieved making it the most expensive office location in the world. Buildings in Mayfair currently hold freehold values equalling £1,500 per sq ft which has dropped since the recession as property in Mayfair used to command prices closer to £2,500 per sq ft. Commercially Mayfair consists of mostly residential buildings, although there are major corporate headquarters and large commercial buildings occupied by reputable firms within the area.