Helical has seen good demand for ‘best-in-class’ offices
(Picture: PA Archive)The boss of Helical has said “sentiment has moved away from WFH”, as the London offices landlord updated on rent collection.
Gerald Kaye said that comes as “companies appreciate the importance of the office in motivating teams, as well as working collaboratively and with far greater effectiveness”.
The chief executive added: “Best-in-class sustainable offices are in strong demand and are achieving a ‘green’ rental premium. The increasing amount of obsolete older space will provide us with the raw material to redevelop or refurbish to create new best-in-class offices.”
Helical joins rivals in reporting improved central London footfall, with many companies bringing back staff to headquarters following lockdowns, even if only for part of the week as hybrid working gets more popular.
However, there are some firms that will look to reduce how much space they occupy.
Helical said as at October 7, it had collected 92.9% of the September quarter rent (which covers the three months ahead).
It expects to receive a further 4.2% via agreed payment plans, with the remaining 2.9% subject to ongoing discussions.
