W1 Commercial rents..what downturn????

fc123

vivatifosi wrote: »

Do you remember that company on Whitfield Street fc that sold nothing but trimmings? I wonder sometimes if that's still there. I used to love going in there (we used to use it for some pretty odd interior dressing).

I can't remeber the name....dam...don't think they are there now...still a few fabric merchants on Berwick St.

lostinrates

fc123 wrote: »

Berwick St.

Yeah, thats where I know!

fc123

lostinrates wrote: »

I don't know....which is my fault, I can't get my new sim in the new phone, it has the PAYG thing in it, so don't have cousin's number to call, and she doesn't have this (new sim now is old number)..but she's probably in the hospital no call zone anyway DH, is not concerned at all and HAS GONE to the thing I could have gone to with out me (although I'm glad). There was no news at 8:30 when he went in, she was not round yet, but has been ''done''....my friend who was operated on yesterday is causing trouble already, but I'm stuck here coz I have to feed her puppies, tomorrow morning...

ooh, DH has just come out...early nights now...we're getting old, ...still no news... (but he said the gig was great...priorities..you know? )

Puppies? Oooh how many?
I am sure she'll be fine esp as done so quickly.

lostinrates

fc123 wrote: »

Puppies? Oooh how many?
I am sure she'll be fine esp as done so quickly.

Only one left unsold, some gone already, there were eight, four for me to love this week...they see me every day anyway, I give them lunch, but this week, while friend is ''away'' I bring three of their four daily meals they think I'm pretty brilliant. Puppies are just delicious. Its horrid that its my favourite who hasn't sold yet...we are not the right home for this breed of dog, so I hope he sells very quickly!

vivatifosi

fc123 wrote: »

Even more reason....in fact just writing about it here is making me feel to go back to E1 instead. It's handy for so many things except the Real life land big concession...but L St is only a few stops.
I know lots of people in the area too.
I just thought I could snap up some cheap prime W1 space for less but looks like a no no...in noho.:o

I'd widen the search fc and search out those areas that are a bit edgy, maybe Noho, maybe Spitalfields, maybe Clerkenwell, maybe that bit of South London round the Tate Modern that I've forgotten the name of. Similar tenants in a lot of those areas. If you want footfall though, that may slim the list right down. They are are areas I think you could base a commercial business. Its a funny old world though, in commercial interiors the main companies used to be in the Noho area, but a lot of them moved out to Clerkenwell as part of the growth there. Those companies that moved to non-core areas (eg North of Euston Road) said they had real issues getting people to visit them, because they weren't on the route that enabled the buyers to pop quickly from one to another.

lostinrates

vivatifosi wrote: »

South London round the Tate Modern that I've forgotten the name of.

All these names...what is that apart from South Bank? (in mother's best disgruntalled voice.) Bankside? Southwark-ho?

vivatifosi

lostinrates wrote: »

All these names...what is that apart from South Bank? (in mother's best disgruntalled voice.) Bankside? Southwark-ho?

That's why there's no point in working out where Fitzrovia ends and Noho begins. A commercial agent will tell you the same building is in either if they think they can lease it to you. Over time, Holborn area (WC1) and Covent Garden area (WC2) have been conveniently repackaged as "midtown", Canary Wharf didn't become what we know it as until the late 1980s, parts of dodgy Cricklewood became trendy South Hampstead, Hornsey borders became Crouch End borders and there are plenty of other examples that I'm too tired to think of. Its all a way of getting people to part with money.

wageslave

I can only speak as I find. I know a little bit about commercial lets but what I know probably isn't relevant. My family (and for that read my Ma) owns a fair bit of property. My Da developed it and since he died my Ma lets it out. I want to emphasise this isn't in England.

My Ma isn't interested in short term lets she really couldn't give a sh it if a property lies empty for 6 months. She wants stability.

Most commercial property owners here seem to be the same. It is, um, for the want of a better explanation, old money. By that I mean, they aren't up to their neck in debt. They aren't part of the BTL market.

They need approaching in an entirely different way.

Sorry I can't be more positive