Over three years ago we launched "Understanding Digital London", an in-depth look at the innovative hub of tech, media and creative companies in Shoreditch, Clerkenwell and Aldgate. As we predicted, the area has boomed; since the last report.
increased by 40%
now stands at 1.2m sq ft
shifted from private landlords to REITS & institutions
the area has accounted for 25% of London’s TMT lettings
over 500,000 sq ft of lettings went to 'hard tech' companies
But how has success affected the area? What are the other pressures on companies who have located here? We conducted an in-depth survey of companies from the area. Here’s what they thought about...
Has only made 6% consider relocating outside the UK.
Are less important than the need for more space – companies are expanding.
Do not put off harder tech companies - they wouldn’t rule out relocating to the City Core.
Is the most important factor when choosing an office - above occupational costs and transport links.