Advantages of Having an Office Space in Mayfair

The majority of Mayfair was first developed between the 17th and 18th Centuries as a fashionable residential district, by a number of landlords, the most important of them being the Grosvenor family. The freehold of a large section of Mayfair also belongs to the Queen. The area has been owned by the Grosvenor family since 1677 and takes its name from the 15-day May Fair, once held here every year. The May Fair moved from Haymarket to the site of what is now Curzon Street in 1686 but, by the 1780's, it was suppressed by the local nobility for lowering the tone of the neighbourhood.

Mayfair's extensive and elegant architecture has always served to attract the very wealthy. For nearly 300 years the most influential people in the land have enjoyed its elegant squares, broad Georgian thoroughfares and beautiful parks. Mayfair also plays host to some of the capital's most exclusive shops, hotels, restaurants and clubs. Mayfair's commercial district lies to the east of its residential area and includes Savile Row, world-famous for tailoring. Nearby, New Bond Street and Old Bond Street are world-famous for their fine jewellery, antiques and clothing. New Bond Street is also renowned for its auction houses, the most famous being Phillips and Sotheby's.

In business terms, Mayfair office space offers a business the best of everything. Many of the serviced offices are housed in prestigious, period-style buildings that boast first-class amenities. The locale is perfect for hosting business-lunches and the postcode alone carries a level of kudos that you won't find anywhere else in London and arguably the world. In short, serviced offices in Mayfair can elevate the image your company seeks to project, as well as putting you in touch with first-class services and facilities. In turn, this can only help to court the type of client that you want to be dealing with.

If it's the idea of high rentals that holds you back from renting a serviced office in Mayfair, then think again. Property consultants, are forecasting that the recession will extend its arm to even these hallowed addresses. They point out that there are businesses closing in Mayfair; mainly hedge funds, wealth managers and private banks. As these corporations close, serviced offices along with conventional offices become available and, at prices lower than ever before. Indeed, figures as low as this have not been seen since 2004.

While this is bad news for landlords, it opens a door of opportunity for potential tenants. However, the competition for these much sought-after addresses is extremely fierce and the best way to fight your way to the top is to use the services of a commercial property estate agent. With their inside-knowledge, negotiating skills and the benefit of a database that is updated daily, they can help you to secure either a serviced office or a conventional office that will reflect the calibre of your company.

Shivani Gurtu-Louth - Operations Manager of Devono Property Limited. Devono are the only commercial estate agents in London to exclusively represent tenants looking for office space in Mayfair. We can also help you find serviced offices in London. Our aim is to secure the best commercial property at the best price.

For interviews, quotes, images or comments contact:
Shivani Gurtu-Louth
Devono Operations Manager
Tel(DDI): +44 (0)20 7096 9911
E-mail: sg@devono.com