Recent research from JLL has shown that Canary Wharf is shaping up to London’s next residential hotspot post-pandemic.
JLL’s stats show lettings in Canary Wharf have increased 63% from 2020 to 2021, and enquiries for lettings in the area have jumped by almost 125% from this time last year.
There has also been a marked increase in lettings needs from those with pets as the marked increase in dog ownership takes hold on the lettings market and landlords become more amenable to responsible pet owner tenants.
Lauren Hatcliff, director at JLL Residential Agency, said: “Canary Wharf is enjoying a major resurgence in interest from savvy renters who see what the area can offer.
“From young couples getting their first place together and singles moving out of house shares to new pet owners and people looking for more of an urban lifestyle, Canary Wharf is proving that it’s got everything and renters are keen to get a piece of it.
“The homes available in this East London hotspot are of the highest quality with a lot of choice in terms of views, floor plans and building types so there really is something for everyone.
“For investors this is very welcome news as Canary Wharf is living up to the promise that those ‘in the know’ have understood for years. Canary Wharf offers renters a lifestyle location, with fantastic homes and world class transport.”
This post has originally been featured in Property Wire.