South London Property

The property market in South London offers a variety of premises and rentals to suit all budgets and requirements.

The office market totals 55 million sq ft (5.1 million square meters) in South London with the boroughs of Lambeth, Southwark and Croydon dominating. Office rentals in the region vary widely from £5 - £65 per sq ft.

There is 56.3 million sq ft (5.2 million sq m) of retail floor space. The highest proportion of retail space is located in the boroughs of Croydon, Wandsworth, Kingston and Bromley. Of London's top ten retail centres by spend Croydon is in second place, Kingston third place and Bromley fourth at $1.81 bn, $1.66 bn and $1.38 bn respectively (CACI / West End - Planning and Development comm.). Zone A retail rentals vary from £20-£270 per sq. ft across the region.

South London has a total of 83.8 million sq ft (7.8 million sq m) of industrial space with the boroughs of Bexley, Southwark, Croydon and Merton possessing the largest share of the market in South London. Industrial space rentals range from £4 - £20 per sq. ft.

Some of the largest exciting new developments occurring in the region include: the mixed-use developments Waterloo's Elizabeth House scheme, Croydon's Ruskin Square, Battersea Power Station, Sutherland House in Sutton, Windmill Trading estate in Merton, Lewisham Gateway and mixed-use developments occurring around London Bridge and Deptford. A number of large-scale distribution parks are planned in Greenwich and Bexley, new office schemes in the pipeline include Croydon's 100 George Street, 9-12 Dingwall Road and New London Bridge House. New hotels are anticipated in Waterloo, Kingston and Twickenham. Major regeneration programmes are taking place at Elephant & Castle, Canada Water, Woolwich town centre and the Greenwich Peninsular.