East side storeys

Article Abstract:

The docklands area of London, England is suffering from an increasing shortage of office space, with many companies looking to move into the area in preparation for the opening of the underground railway line extension. The Jubilee Line will link Docklands to London Bridge and the West End. The area is becoming popular with investment companies because it is producing yields of around 9% on some investments. The rental value of offices in the Canary Wharf tower have reached 33 pounds sterling per sq ft. Some speculative building is being planned at the South Quay Plaza.

Supply and demand, Office buildings

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Gaining new ground: lettings activity and plans for development in the Docklands area have recovered well since February's terrorist bombing

Article Abstract:

The Dockland's newly acquired status as London's third business district suffered a setback following the destruction of office space in February's terrorist bombing. However, few tenants have left the area, and Canary Wharf has recently clinched the Citibank requirement and has also lured Skadden Arps Slate Meagher & Flom, a US law firm, from the City. Available space in Docklands fell by 8.7% in the third quarter of 1995, with available space outside Canary Wharf down by 19.4%. Rents have remained static and demand is currently concentrated on smaller units.

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Good signs for Docklands as occupiers remain loyal

Article Abstract:

Most business have not been deterred by the recent terrorist bombing the Docklands area of London, England, from occupying premises there. Furthermore, there are still many inquiries from potential new tenants. The bombing caused damage worth around 100 million pounds sterling in the area, and destroyed more than 46,450 sq mt of offices.

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