On completion, the building remained vacant for many years, leading to its being referred to as "London's Empty Skyscraper". With property prices rising and most business tenancies taken for set periods of 10 or 15 years, Hyams could afford to keep it empty and wait for his single tenant at the asking price of £1,250,000; he was challenged to allow tenants to rent single floors, but consistently refused. At that time skyscrapers were rare in London, and Centre Point's prominence led to its becoming a rallying symbol for opponents. The homeless charity Centrepoint was founded in 1969 as a homeless shelter in nearby Soho, named Centrepoint in response to the building Centre Point being seen as an "affront to the homeless" for being left empty to make money for the property developer.