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Commercial Property & Office Space in London Bridge

Office space and commercial property locations in the London Bridge area are some of the most sought-after in the whole of Europe. London Bridge offers a myriad of advantages for businesses; few other locations can compare.

Commercial property in London Bridge is perfectly situated in the center of London. It is easily accessed from any part of the city by train, tube, bus, or bicycle. International visitors can find their way from any airport in London without difficulty. The area features tourist attractions like the Design Museum and the new London Bridge Experience as well as bustling shopping centers and most famous of all the Borough Market which is Britains largest food market and a major tourist destination in its own right.

Rental office space in London Bridge is equally desirable. Clients and employees will always have an easy commute to your business. The London Bridge area is already home to many successful businesses and will soon be the site of the tallest and most updated office space in Europe at the Shard London Bridge skyscraper. Of course, London Bridge property offers a view of such historical and architectural landmarks as Butlerís Wharf, the Tower of London, and City Hall. If youíre looking for some of the hottest commercial property and office space to rent, London Bridge is the perfect location.

What effect will the Shard have on the South Bank of the Thames?

For years the south bank of the Thames has been a rather poor neighbour to the high rise and well-heeled buildings in the City. It has slowly changed over a number of years with the addition of a variety of office, residential and leisure buildings that started in Waterloo and has moved eastwards. But as any cabbie will tell you, the fastest way from the Victoria to the City is via London Bridge. Now, though, there is change afoot in this part of the south bank. Residents of London will have noticed the ever rising progression of a new monolith dominating the skyline, extending for over 1,000 ft (310m). With completion due in May this year, London’s skyline will have changed forever.

The Shard, or to give it its more prosaic address, 32 London Bridge Street, will extend to over 580,000 sq ft of office space, a 205 room hotel, a spa and several high end residential units that are thought to be expected to fetch up to £4,000 per sq ft.

The impact of a building this size in the city cannot be underestimated, especially in an area where tall buildings have not traditionally been located. It is estimated that the structure will create up to 12,000 jobs to service the residential, hotel and commercial elements of the building, as well as drawing more tourists to the already popular London Bridge area (there will be a viewing platform situated on the 68th floor, which will give spectacular views around London).

With a number of other office buildings in the vicinity nearing completion (Harlequin Building, London Bridge Place), and some fantastic recent additions to the area (More London, Blue Fin Building), it is becoming obvious that London bridge is fast becoming a viable alternative to the more established locations of the City and the West End. Rents here for Grade A space have been rising steadily since the beginning of the millennium, and the best space in the Shard will be over £60.00 per sq ft. This will compete with the City, but it is a significant discount on West End rents, for what may arguably be the best building in London. There are indeed a number of companies who have already given their seal of approval to the area (Norton Rose, PWC, Ernst & Young and IPC Media).

There are also major improvement works afoot at London Bridge Station, which will significantly improve the transport offering to this part of town, and open up routes to south west London as well as London Bridge’s more traditional catchment area of south east London. With the station also providing much needed retail and leisure space in the former arches underneath the railway lines, the area will hope to become a destination in itself, and carry on what the redevelopment of Bermondsey Street started several years ago.

It is hoped therefore that the Shard will prove to be a major boost to a struggling economy, and to cement London’s place as the premier business destination of Europe.