Office Space Inner London South

Office Rental Costs & Considerations

In a relatively short period of time, South Inner London has become home to several established business hotpots, such as the Docklands and Greenwich, which are particularly attractive to businesses involved in finance, creative and digital industries. Despite the growth in popularity brought about by infrastructure improvements, these areas still have much potential for development, which is something to be taken into account by prospective residents and tenants. For example, a large-scale development in the Greenwich Peninsula, which will result in the creation of 60,000 square metres of commercial space and improved public transportation facilities.

There is also ongoing construction at Canary Wharf (mainly in Bank Street, Park Place, and North Quay) and in Canada Water, where more than 5 million square feet of commercial and residential space are to be added to the area's current inventory. Moreover, South London is home to a number of up-and-coming business locations. These include Nine Elms (in Wandsworth), where a regeneration project is underway, as well as Brixton and Merton, which offer access to business incubators and support for entrepreneurs aged between 18 and 30 years old.

The relatively low cost of commercial space in certain areas of South London is another important consideration. Commercial space can be leased at considerably lower rates than in central London, yet the area is well connected to the rest of the city. However, it is important to bear in mind that property costs are expected to grow.

Business in South Inner London

The major industries in South London include finance, banking, the arts, media, entertainment, and ICT. The world's major banks and financial groups are well represented here with the presence of Barclays, J.P. Morgan, HSBC, Morgan Stanley, S&P, KPMG, MetLife, Citigroup, Credit Suisse, and Bank of America. In the areas south of the River Thames, the importance of tourism, leisure, the arts, media, and creative industries is growing at a fast pace. This is especially applicable to the Greenwich Peninsula, Woolwich, and Thamesmead.

About South Inner London

Over the past decade, the business scene in South London has been experiencing impressive growth levels. This sub-region has a total population of approximately 1.7 million people and is home to one of the world's major financial hubs, Canary Wharf, which employs more than 100,000 people and has over 14 million square feet of commercial space.

South London is well connected to the rest of the city and also has national and international links thanks to the presence of London City Airport, which serves more than 30 destinations in Europe and North America. The area is further benefiting from the arrival of major infrastructure projects, such as Crossrail and the future Crossrail 2, which offer improved access and connectivity as well as create business opportunities in the medium and long term.