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Shoreditch: rents on new leases fall for a second quarter
Registered commercial leases show a lower average starting rent in each of the last two quarters, and two new workspace buildings are in the council registers.
Shoreditch · October 27 · Based on 3 documents
AreaShoreditch
Key facts
18 new leases registered
Average rent £63.00 per sq ft
Down 10.0% since January
9,400 sq m of workspace approved
HM Land Registry recorded 18 new commercial leases in Shoreditch between July and September. The average initial rent on those leases is £63.00 per sq ft. That is 5.3% below the April to June average of £66.50.
£63.00
Average initial rent per sq ft, July to September
The leases registered for January to March carried an average initial rent of £70.00 per sq ft. Between the first and second quarters the average fell 5.0%. Since the first quarter the average initial rent is down 10.0%.
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Still in this story
The number of leases registered in each quarter
The workspace building with permission granted
The second workspace application in the register
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