We have all seen the effects of first the Credit Crunch, followed by the Recession, or at least some of us have, but if you happen to live in London then you will have escaped most of the fallout and may even be wondering, “What recession?”
And this is precisely how it is with serviced offices in London because there has been little or no slow down in that area. Of course, this is a nice situation for the London property agents to be in as it keeps the prices high at a time when they have slumped in many parts of the country.
London office space appears to be in great demand, even in the more expensive districts such as Mayfair, Knightsbridge and Grosvenor Square, whilst similar office space in our second and third largest cities; Birmingham and Manchester, cost a mere fraction of the London tariffs.
OK, the above is just an example and we know full well that nowhere in the world can match Mayfair, Knightsbridge or Grosvenor Square for sheer class as a business address, but nevertheless, Manchester, Birmingham, Sheffield are all extremely busy business districts, but somehow they lack the zest which London boroughs generate with such ease.