Located in the heart of London’s West End and the City of Westminster, Mayfair traces its name to 17th century festivities that were quashed by local aristocracy. In the centuries that followed, the district became more fashionable with diplomats and influential people like Philip Standhope, whose Chesterfield House in Mayfair rivalled the hotels of Parisian nobles.
After being heavily hit by the Blitz, businesses relocated here, and it fast became one of the city’s most prestigious commercial districts. Mayfair remains mainly commercial with converted Georgian-style homes serving as headquarters for embassies, hedge funds, major corporations, and other businesses. It is home to thriving upmarket shops, restaurants, and the city’s largest concentration of five-star hotels like the Cavendish Mayfair luxury hotel, as well as galleries and international auction houses like Sotheby’s.
With some of the highest rents in the world, this elegant residential and commercial area may be too glamorous for some. However, high-value Mayfair properties for sale can translate into better work places and solid long-term investments. For instance, the recent luxury mixed-use development by architect David Adjaye replaces a block of disused post-war buildings with a mixture of residential units, a hotel, and retail units to rent, with a pedestrian bridge to escape the busy streets below. Even though supplies are limited and vacancy is low, commercial property for rent or sale in the Mayfair area is a good investment whose value will continue to rise.