5 commercial property hotspots in London
Why is London still a great place for businesses?
For over 2,000 years, London has been at the centre of the UK’s commercial output, and it’s only set to continue. More than 35% of global foreign exchange trading takes place in London – a city home to over 233 languages. It’s a melting pot for different cultures and ideas, making it a hub for innovation.
As areas across London enjoy regeneration, new commercial centres are popping up. They’re creating new opportunities for businesses to base themselves in the commercial capital of the UK and network with likeminded professionals. So which areas of London are set to become the next hotspots for business? Here are the five areas to keep watching over the coming months.
Media and architecture firms have long recognised the draw of Fitzrovia. Nestled between Soho, Marylebone, Bloomsbury and Kings Cross, it’s a well-connected part of the city that’s becoming increasingly prestigious. A revamped Tottenham Court Road station has given it a refreshed identity. Once Crossrail is up and running through Tottenham Court Road, it’s expected to be one of the busiest stations in London.
Businesses can look forward to 30-minute connections to Heathrow and 12-minute links to Canary Wharf, once Crossrail opens. All this, and they’ll be within walking distance of Soho. Take a look at commercial properties currently available in Fitzrovia here.
Businesses looking to escape Central London but still be easily connected could be excited by the new opportunities at Walthamstow. This east London area is poised for a new large mixed-use scheme and a number of residential developments, which are predicted to attract swathes of new people. Businesses have the chance to snap up the talent flocking to the area.
Following ripple effect trends, Walthamstow should draw the creative people and businesses priced out by neighbouring Hackney. Check out the commercial properties currently on the market here.
This west London area already enjoys a busy transport network and close proximity to Marylebone and Bayswater, and it’s set to become even more attractive. The final piece in its regeneration puzzle has been given the go-ahead. Named the ‘blue marrow’, this tower will bring new homes and office space the area and bring a new London landmark to Paddington. It will also become a key Crossrail station, giving businesses in the area quicker connections across London and beyond.
See what’s currently available in the Paddington area here.
Apple has reportedly announced that it is setting up headquarters in Battersea Power Station. This regeneration project is breathing new life into the area, offering modern, flexible ways of living and working. Innovative businesses will be excited by the prospect of being part of something new and mixed-use.
Once the Zone 1 Northern Line Extension reaches the area, it will also become better connected to the rest of the capital. To see the commercial properties currently on offer in Battersea, click here.
If you’re looking for somewhere already thriving, Clerkenwell could be the answer. Home to its own design week, it’s a haven for creative businesses. Recently built residential blocks in the area have given it an appealing village-like feel, yet it still remains a base for both big and small businesses. The upcoming Crossrail connections in nearby Farringdon are only increasing its appeal.
Thanks to its former life as a printing, watchmaking and brewing area, lots of commercial properties are inside converted warehouses. These spaces are large and attractive, giving businesses the chance to grow in a stimulating setting. Take a look here.