In the 35 years since the London Marathon was first run, almost six minutes have been shaved off the record time set by Dick Beardsley and Inge Simonsen in 1981.
To mark the 35th anniversary of the race this weekend, some of the original participants will lead out runners on the 26.2-mile route.
CBRE has compiled data showing how rents have grown at key points along the route and how the capital’s office districts have expanded.
Back in 1980 the agent tracked office markets in the West End and City where rents were £18.50 and £23.25 per sq ft respectively. Today it compiles information on office rents at almost every mile marker along the route – an indication of how footloose tenants have become, prompted in part by the rapid rise in rents right across the capital.
The 2015 data shows that rents now exceed £40 per sq ft in almost every submarket. Just the south-east corner of central London, which lacks a significant established office market, and the fringes of Tower Hamlets and Newham outside the core Docklands district, offer the cost-conscious occupiers space they can afford.
In the traditional markets, including Mayfair and St James’s, rents have risen by 535% since the marathon was launched (excluding inflation), a performance even world record-holder Wilson Kipsing, who finished in 2 hours, 4 mins, 27 seconds last year, will be unable to beat.
