The London rental market has maintained its momentum over the last quarter although there had been less frenetic activity compared to last New Year when tenant activity was concentrated either before or after the Millennium celebrations. Corporate activity remains high and our research has shown that there has been little effect of demand following the high profile mergers of some of the larger banks and brokers. Quality continues to be the key and this is particularly well illustrated in Lennox Gardens, Knightsbridge. The majority were let within days of completion, leaving just two remaining.
Demand is concentrated on centrally located one and two bedroom apartments.