Students outbid corporate tenants as China drives Mayfair rental ‘boom’

“The recovery of the rental market has led to a shift in tenant profiles,” says LCP boss Andrew Weir, “as older tenants return to the office and outcompete young professionals and students.“

Average asking rents have risen by over 20% in Central London over the last year, and by 11% outside of the capital.

There's "a growing trend of people wanting to move back to urban hubs," says Rightmove, as the portal reports "a significant shift in search behaviour", with more tenants looking to rent in London Zones…