Staines-Upon-Thames Office Market
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Staines is often considered “Heathrow’s town centre” and many of the major occupiers are international corporations who use the airport frequently – ServiceNow, Wood PLC, Gartner Group, Future Electronics and VMware. These businesses form a glass and steel US-style “strip”, The Causeway, leading from Staines Bridge to the M25. Gartner has recently signed a pre-let of 50,000 sq ft of growth space in a new 110,000 sq ft property, which completes shortly.
Grade A office product in the town is not at scarcity level, but rents have continued to creep upwards regardless and are now at circa £36 per sq ft for best space. The town centre is solid rather than glamorous but offers the shops and amenities that office staff seek.
Residential product is definitely improving as well; London Square and Berkeley’s Eden Grove are major apartment developments on large, unwieldy former office sites, adding to the sense of a balanced town centre environment.
Some concerns remain that when the Elizabeth Line finally, fully opens, Staines may find itself adrift of the main public transport route in the Thames Valley, but a general availability of parking and an M25 intersection close by are giving Staines a degree of resilience.
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