4,250 sq ft Short Term Fitzrovia Offices Let to Tech Company

By Andrew Knights on 30/11/16
1 STEPHEN STREET, LONDON W1
 
CEN_N95_medium (1).jpgA major broadcasting company occupy the entire 2nd floor comprising some 21,000 sq ft, and instructed us to sublet space which was surplus to requirements.

We marketed the space at first on a 5 year lease term, and then for a term 18 months, and generated multiple offers.

Our client was then unable to grant a term for longer than 6 months with rolling break options thereafter, due to a corporate deal. We still managed to let the space very quickly, even on the very short term basis, albeit at a discounted rate.

Velocity, a fast growing tech company, took a license on the space.

Topics: The Lorenz Consultancy, Agency Acquisition, Commercial Property, Leasehold Interest, News Article, Office Letting, Office Space