Transport Disruption Drives Commuters Closer to the Office
As the UK braces itself for more adverse weather this week it seems that commuters have had enough…
[UKPRwire, Thu Jan 07 2010] Neil Young, CEO of Young Group, noted; “Whether it’s snow on the tracks in winter, the yearly autumnal issue of ‘leaves on the line’ or overheated points from our annual summer ‘heatwave’, commuters seem to have had enough. More and more often our tenants are pointing to problems with their commute as a factor in their decision to move as close to their central London workplace as they can.
“In the past few days as weather warnings have increased, Young London’s enquiry rate has more than doubled. We even had a call this morning from a prospective tenant stuck on a snowed in train to London from Uxbridge; fed up with the disruption and unreliability of the journey, she was Googling while stuck on the train, actively looking for a rental property much closer to work.”
Not everyone will be able to buy a place in the centre of London, but rental prices are much more affordable.
The Landmark at Canary Wharf is a mere 500 metre walk from the heart of the financial district and brand new rental apartments are now becoming available with long term rental apartments priced from £300 per week. Similarly convenient developments available through Young London include, Devonshire Street in the heart of Mayfair (from £250 per week), myBASE1 in Southwark – a short stroll across the River Thames from the City (from £325 per week), Ability Place in E14 (from £265 per week) and Kings Quarter in Kings Cross (from £265 per week).
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