Canary Wharf office space offers best value in capital

22nd NOvember 2013

Accountancy firm EY will become the second resident at 25 Churchill Place, joining the European Medicines Agency in the 23-storey Canary Wharf building when complete early in 2014.

Total occupancy costs in the Canary Wharf area are currently in the region of £60-£70 sq ft – comparing favourably with equivalent costs in central London, where a shortage in supply continues to send rents rising. Costs vary from £70-£85 sq ft on the South Bank, to £80-£95 in the City and reaching £140-£165 sq ft in the West End, and they are forecast to rise yet more, by up to 65% in the coming twelve months.

Sources:   Facilities Management World   The Wharf