According to this in the Telegraph, pricey West End commercial rents are proving too much for the estate agents. Savills might be considering downsizing in the Berkeley Square area, DTZ might be going, Knight Frank will be leaving Hanover Square in January. The culprits?

While hedge funds only take small spaces - up to 15,000 sq ft - the prices they pay drive up rents for other residents. As a result, agents have found themselves victims of their own success.

Technorati Tags: estate agents, London, real estate agents