To most people Canary Wharf conjures up images of city skyscrapers that can be seen from miles away. While these may occupy the sky – in this blog we’re going to take a look at what’s happening on the ground.
Many firms with offices on the Wharf have declared that they expect people to be returning to those offices in March. We anticipate a rise in demand for pieds-à-terre as workers who moved out to the country for more space now seek somewhere to stay during the week to cut down their commute.
In their absence the Wharf did not sit still, instead it gained a younger demographic – now you’ll find millennials competing at Electric Shuffle, having a bite and a drink at the likes of The Ivy and Pergola on the Roof and taking in exercise at new high-end leisure facilities including Third Space Gym, Barry’s Boot Camp and Gym Box.
New homes in the area – both rentals and sales – are catering for this younger demographic. Dock East is a new development located on the water at South Quay. With prices starting from £382,000 and Help to Buy available, it’s an attractive offering for first-time buyers.
Meanwhile, Vertus, the Canary Wharf Estate’s rental arm, provides co-living spaces, where tenants can work, sleep and socialise in their building if they choose to. Nearby Marsh Wall and Wood Wharf will continue to bring change to the area with various recently completed luxury new build developments.
One of the draws for young people – especially those living alone – is the safe and secure aspect of living in a serviced building with a concierge on hand to collect parcels and generally look out for residents. For those already working in the area, benefits include a short commute and easy access to the country once Cross Rail arrives.
Canary Wharf may have a mix of old and new residents, but one thing everyone has in common is a desire to be a part of the buzz that is now re-emerging.
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