Knowledge

London Area GuideCanary Wharf Office Space to Rent

Area Overview

Canary Wharf is one of London’s major business districts, on the Isle of Dogs. Home to some of the UK's biggest financial and media organisations, the area is one of the main financial centres in the UK after the City of London. The district was borne out of the former docks that were in use up until the 1970’s.

The instantly recognisable skyline features some of the tallest buildings in London, including One Canada Square, the third tallest building in the UK. It is joined by numerous residential buildings all of which are in high towers.

What to do and see

Canary Wharf Shopping Centre
Museum of London Docklands
University of Sunderland, UCL School of Management
Docklands Sailing and Water sports Centre

The Workforce

The workforce across the Docklands area is host to more than 120,000 people primarily working in the financial sector. Increasingly the workforce has diversified to government departments, technology firms, and global corporates.

A significant provision of housing in the surrounding area has created a ready-made pool of prospective employees.

The area is attracting a new generation of residents and workers as it continues to evolve

Transport

Jubilee Line, DLR, London Overground
London City Airport
1 river stop
3 new Elizabeth Line stations

Employment & Industries

Growth Sectors (GVA) 2015-2019

Professional Servcies
- up by 59%
Health
- up by 46%
Government
- up by 42%

The Office Market

The Docklands office market is a purpose-built business district that has grown since the first buildings were erected in the late 1990’s. Designed to give large financial firms space that could not be found more centrally, it became a hub for finance in the UK. The area has diversified over the past 10 years and as such the occupier base is more dynamic. Future development will continue to support this.

Business Districts

Blackwall
Bank Street
Canary Wharf
Churchill Place
South Quay
New District
Westferry
Marsh Wall

Major Employers

Largest deals in 2021-22

Company	Sector	Building	Size (sq ft)
CITIBANK	FINANCIAL	40 BANK STREET	188,000
APPLE	TECHNOLOGY	1-5 BANK STREET	66,655
JLL	PROFESSIONAL	20 WATER STREET	38,803
CSC Admin	Corporate	5 Churchill Place	11,296
World Fuels	Corporate	1 Canada Square	11,267

Mid sized deals in 2021-22

Company	Sector	Building	Size (sq ft)
BROOKFIELD ASSET MANAGEMENT, INC.	FINANCIAL	1 CANADA SQUARE	8,476
WOOD GROUP PROPERTY	FINANCIAL	9-11 WESTFERRY CIRCUS	8,198
JTC LTD	FINANCIAL	1-2 HARBOUR EXCHANGE SQUARE	8,040
CHINA UNICOM	TELECOMS	40 BANK STREET	7,937
EMERGENCY	CHARITY	HARBOUR EXCHANGE	7,557