West London Office Market
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White City continues to attract a healthy cluster of life science businesses. Quell Therapeutics are in the process of regearing and expanding their occupation in the I-Hub. Continued engagement from the BBC and now ITV continues to embrace White City’s heritage as an entertainment hotspot.
The delivery of Gateway Central (160,000 sq ft) and Gateway West (26,000 sq ft) in Q3 2022 and then One Wood Crescent (60,000 sq ft) in Q1 2023 will create the next phase of new builds in White and will cement a £60 psf (plus) rental tone. Chiswick has seen pandemic beating lettings to Pladis (United Biscuits) on c.30,000 sq ft and Richmond University on just under 40,000 sq ft in the past 12 months, largely due to its unique offering of the award-winning Enjoy-Work concept and abundance of retail and leisure facilities. Existing occupiers such as Pokemon have also expanded and the likes of Swarovski, Primemetals and Seadrill have all re-committed to the Park.
Hammersmith has benefited from activity coming out of the life science sector and a lack of lab enabled office buildings in the wider West London markets. The development of Kensington Olympia is creating a buzz around the entertainment, hotel, F&B and office offering that will be injected into the local market.
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