Marylebone is one of London’s most accessible areas making it a desirable office location for any business. An abundance of listed buildings, together with its accessibility, has resulted in the rapid growth. There’s high demand for rentals; in recent years rents in Marylebone have hit a record high at circa £110 per sq ft per annum in some areas. In addition, given that the majority of commercial estates are owned by the Howard de Walden Estate, the opportunity to buy in the area is limited. With limited buying and rental options, finding the right commercial property in Marylebone requires the skills and knowledge of property experts with access to the right contacts.
For most businesses, renting an office is the most cost effective option, freeing up capital and allowing flexibility to relocate as the business grows or downsizes. There are many reasons why a company may wish to locate their business in Marylebone; whether it’s for prestige, convenience or something else entirely, our property consultants have curated some key information about the area.
Over 40% of clients we work with state accessibility as being a top priority when choosing their office location. This ticks the box not only for existing employees, but also for future employees and clients, too. This zone 1 location offers it all.
Not only is Marylebone close to a number of airports, but it’s close to the St. Pancras Eurostar terminal, a National Rail connection, and it’s centrally located on the Bakerloo line of the London Underground.
Travelling by bus is equally as convenient with multiple lines on Marylebone Rd, Oxford St, Baker St, and Portland Place.
Annual Travel Cards
Commuting from outer London zone 1 - 6 = £2,408
Commuting from Zone 1- 4 = £1,892
Marylebone is in a controlled parking zone and is in the congestion charge zone; parking permits are available for residents. On the other hand, electric vehicles are exempt from the Congestion Fee and can park for up to four hours for free.
Black cabs are available 24 hours a day. This is good for visitors, but perhaps not as important for thosed who may prefer Uber.
Bicycle ports can be found on Beaumont St., New Cavendish St., George St., Paddington St, and Portland Place.
See London Cycle Map here
Marylebone is spoiled for choice when it comes to dining options, which is great for entertaining clients. Some of the most sought-after reservations include L'Autre Pied, Texture and Locanda Locatelli, all of which are amongst a number of restaurants that have earned Michelin Stars. For more grab-and-go fare, Waitrose and Tesco Express are conveniently located.
Increasingly, in efforts to improve productivity, some businesses are focusing on well-being to help stem absenteeism and retention rates. Firms are starting to recognise that the office environment and location can help motivate and energise the team.
Marylebone residents have the luxury of being nestled between two of London’s most beautiful Parks: Hyde Park and Regent’s Park. There are six different restaurants and cafes right in the middle of Regent’s Park as well as kiosks and a tea truck for your enjoyment. Hyde Park houses a plethora of famous landmarks including the Serpentine Lake and its accompanying art gallery in Kensington Gardens, Speakers' Corner and the Diana, Princess of Wales Memorial Fountain. It also offers a variety of activities including swimming, boating, cycling, tennis and horse-riding.
Moving to Marylebone
If you’re looking to let, sell or rent an office in Marylebone, talk to experts who know the neighborhood. Noble Harris Partnerships have been based in Marylebone for over 20 years and we have an intimate knowledge of the area. Our clients trust us to take care of every detail, so they have the time to focus on what they do best: running their business.
Generally, 2017 has so far seen the Central London office market softening in terms of rental values, although Marylebone continues to demonstrate impressive resilience.
Being an area of immense diversity, with high quality residential, retail, hotel and office properties, Marylebone continues to capture the imagination of high end businesses.
Q2 and Q3 (to date) 2017 continue to show limited availability whilst demand in Marylebone and the neighbouring areas remain reasonably healthy.
By being based in the area, we experience the ' Marylebone vibe ' first hand, and always welcome the opportunity to provide clients with sound advice based on our extensive and up-to-date local knowledge.