London remains key across many industries and we continue to see businesses relocating their senior staff to London, boosting demand for both sales and lettings in areas such as Fitzrovia, Chelsea and Marylebone. Key examples of this trend are the recently announced plans by both Google and Facebook to extend their headquarters in London.
Over the past six months we've seen a significant increase in overseas corporate tenants looking for prime residential rental property in Central London; Dexters' Corporate Services department has seen enquiries for prime central London enquiries more than double since the company rebranded in June last year and we have recently secured homes for senior embassy staff and CEOs of blue chip organisations.
Though we had the Corporate Services department prior to the rebrand, since relaunching in prime Central London we’ve been approached by numerous businesses looking for a professional partner to source accommodation for their employees. Companies are unlikely to purchase homes for employees but employees still will want security of tenure and to know they have a home for themselves and/or their families. Many of these tenants are looking for long-term family homes and often stay for more than five years in a property.
If you are interested in moving to Marylebone, or you are thinking of selling or letting your property, contact Dexters Marylebone on 020 7224 5544. Call 7 days a week from 8am - 8pm or visit dexters.co.uk.
Of the period stock, the best homes are generally those on Marylebone’s few garden squares or near the high street. Marylebone locals will hope the area’s fortunes do not go downhill — unlike Hogarth’s Rakewell, whose descent takes in a gambling den and prison before an ignominious end in Bedlam. Buying guide ● The rail and underground connections for Marylebone will increase with the new Elizabeth Line stop at Bond Street in 2018 ● Almost half (48 per cent) of Marylebone’s homes are occupied by one person, according to Westminster City Council ● Homes built before 1900 account for 44 per cent of Marylebone’s homes