Central London Renters Have the Best Market Since 2008

Properties have flooded the rental market, and tenants can be picky.

Properties in the borough of Kensington and Chelsea.

Photographer: Luke MacGregor/Bloomberg
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When Scarlett Gray looked for an apartment in central London two years ago, she was practically laughed out of agents’ offices. She was told those sought-after places—think of a neighborhood with rows of white-columned townhouses—rarely come on the market.

This summer, she had to stop herself from checking listings online, because she became overwhelmed with her choices.