High demand for Canary Wharf property as workers reconsider commuting during the pandemic

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Our Canary Wharf estate agents look at the unexpected effect of the pandemic on the property market:

  • People no longer want long, crowded commutes
  • Living close to the office makes hybrid working easy between home and the office
  • Ideal time & location for investors, landlords and sellers to benefit from this popular E14 location

People are spending more time working from home due to the pandemic, and many would prefer to limit their commutes to work. Because of this, it could be expected that people might move away from the centre of London, but there is actually an increasing trend of living within walking distance of the office.

Why are people drawn to living close to the office as a result of the pandemic?

Increasing fluidity between the home and the office is becoming more the norm as people only pop into the office for necessary business. People want to do this on an ‘as-needed’ basis, preferably without having to take public transport or drive a long distance for short meetings.

This means the idea of walking to the office is increasingly popular as a quick and safe way to travel between home and the office.

What has Canary Wharf got to offer remote workers?

No longer just for finance or white collar business, Canary Wharf is thriving with new commercial and residential property developments bringing more jobs and homes to the area.

Canary Wharf fits the model of a 15-minute city where the concept is to have everything a resident needs within a quarter of an hour by foot or bike. This, along with its proximity to the river and green spaces, makes it the ideal location for many who want to enjoy the area near where they live and work.

There are many transport options for anyone looking for a short commute for those trips to the office. As well as the tube, the area has footpaths, cycle paths and a new river crossing at Canary Wharf, while Crossrail offers high speed transport to travel further afield.

As it provides this ideal mix, businesses continue to be attracted to the Canary Wharf area where it offers employees attractive rental options on their workplace doorstep.

What does this mean for the Canary Wharf property market?

All this has led to an increased interest in people renting and purchasing property in the Canary Wharf area, with it’s mix of commercial spaces and residential property making it popular with those wishing to set up home or rent in a vibrant area with work close by.

This makes it the ideal time for sellers and the ideal location for savvy investors to take advantage of this sought-after location.

Thinking of selling, letting or investing in property in Canary Wharf?

Our team are experts at providing investment opportunities, property saleslettings and property management in Canary Wharf. For all your property needs in E14, get in touch with our Canary Wharf office today on +44 (0)20 7001 9160.

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