Corporate lettings market in London recovers
The corporate lettings market in London is again surging. Companies are allocating more money towards renting prime properties to attract employees from around the world and the rest of the UK.
As more companies commit greater resources to finding and renting prime rental properties to attract and relocate staff to London, the average budget for a mid market corporate let has risen substantially from that of a year ago.
We have recently concluded multiple corporate letting contracts where the landlords feel they are really benefiting from renting their properties on a long-term basis.
They have received premium rental returns without the worry of void periods or arrears
and the hassle of finding new tenants has been removed.
They no longer need to fork out for the maintenance or management fees, for the duration of the lease and their properties have also been kept in an excellent condition, as they are well maintained and cleaned on a regular basis.
Due to this resurge in demand for corporate lets one of Greene & Co.â€™s Corporate Rental clients is looking to lease a wide range of apartments for three, five and up to ten years.
They are looking for everything from studios to two and three bedroom apartments in EC1, 2, 3, 4 and SE1.
For anyone thinking about letting their property, corporate lets could be the ideal solution.