Knight Frank South East Office Commercial Agents
Operating from the end of 2018, the £14.8bn investment into the Elizabeth line makes it the most significant piece of infrastructure to affect the greater London and Thames Valley market since the completion of the M25 in 1986. The South East office market has a stock of 160m sq ft and includes major commercial centres Reading, Croydon and Watford, prime office centres which collectively have more than 15 million sq ft of built stock.
With annual take-up at 3.2m sq ft, the office sector provides employment for more than three million people annually, across a diverse range of sectors, from tech, finance and business services to pharmaceutical, retail and government. The presence of more than 20 university campuses, including Oxford and Cambridge, in the wider geography of the South-East provides a source of the most important business asset – people. The region is winning the war for talent with its luring affordable, amenity rich and highly evolved office buildings.
Specialising in the Greater London, M25, Thames Valley and South-East Home Counties markets, we provide an integrated advisory service across development consultancy, agency/leasing, tenant representation and lease advisory. Advice is underpinned by the very latest research, integrated with guidance on sectors relevant to each individual project, from capital markets to alternative use for mixed-use development including residential, build to rent, student, healthcare or hotel uses.
In 2017, we secured almost 20% market share and advised on the largest leasehold disposal in the region. With an increasing number of mixed-use projects, our experts are experienced in dealing with both town centre and business park development. Recent key schemes the team has been involved with include: Chiswick Park, White City Place, Stockley Park, New Square Bedfont, Milton Park Oxford and Bicester Office Park.
The team works alongside landowners, developers and owner occupiers to achieve maximum value while mitigating risk on commercial development and refurbishment projects, at every stage of the development lifecycle.
The team has particular expertise in harnessing sector specialists for mixed-use advisory projects. We advise on sales and acquisitions, and are specialists in complicated legal restructurings.
Workspace represents a major portion of overhead costs, in the South East region, it can be as much as 85%. A modest increase in spend can reduce churn and the subsequent costs of recruiting new employees. We advise our clients on how to best meet their space requirements in line with their brand and ambitions; whether they’re a small start-up looking for a short-term co-working space, or a global corporate looking for permanent new headquarters.
Our lease advisory surveyors specialise in advising office owners and occupiers on lease events including rent reviews, break options, surrenders, lease re-gears and lease renewals.
By immersing the lease advisory team in the agency team, deploying extensive technical experience and adopting an enterprising and innovative approach to problem-solving, we help formulate strategies that fully maximise the opportunities that lease events present.