Office vacancies rising again in London’s St James’s, but CD&R letting demonstrates its enduring cachet

The historic financial heartland of St James’s in the heart of the West End, where some of the world’s highest office rents are paid, has seen a rise in vacancy in recent quarters. However, the landmark CD&R prelet in May illustrates enduring strong demand for an increasingly scarce supply of large, good-quality floor plates in the area.