13th July 2015

Clerkenwell rents continue to climb, approaching parity with the West End, as the undisclosed and notable international tech company joins other big name companies taking space in the area.

As the undisclosed and notable international tech company, the increasingly popular online rental marketplace, joins other big names like Skype, WPP, Agent Provocateur, and Grey Group which have helped to develop Clerkenwell’s reputation as the go-to area for the creative and technology industries.

The US-based company will be moving into the 6,265 sq ft Penthouse of Compton Courtyard, one of Clerkenwell’s most in-demand buildings, over the next few months, at a headline rent of £62 per sq ft.

Dan Cohen, of Richard Susskind & Company, who let the space, said: “The unique courtyard space and stunning loft style office accommodation made Compton Courtyard the perfect place for the undisclosed and notable international tech company’s new home. This pocket of the area is proving extremely desirable to high profile tenants, with Oki-ni, Zaha Hadid and Alexander McQueen. I think the area around Compton Courtyard in particular represents the true essence of quintessential Clerkenwell.”

The building, with a stunning, unique outside courtyard, is owned by a private investor who has transformed it over the years to meet the needs of the target market.

The rental tone at Compton Courtyard has surpassed £60.00 per sq ft for all new lettings in 2015.  This includes the 2,077 sq ft ground floor letting to Oki-ni Ltd and the 2,099 sq ft first floor letting to Marshalls Mono Ltd. Oki-ni Ltd, founded in September 2001, works with well-known brands and progressive designers to offer innovative products to knowledgeable fashion consumers. They have exclusively collaborated with brands such as Adidas and Levi’s to produce unique pieces. Marshalls Mono Ltd, founded in the 1890s, is a hard landscaping manufacturer that supplies superior natural stone and innovative concrete products to the landscape, home improvement and construction markets.