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Tech City Serviced Office Centres Facing Competition from Canary Wharf

According to this recent report by Officing Today, the diversification of occupier types in Canary Wharf could signal a change in focus for Business Centres in this area, whose target market would traditionally be financial firms.

TMT companies are now emerging as a major force in London and this brings with it a desire to migrate to new places to create more business opportunities and to have easier access to their existing customers.

With the emergence of so-called “Fintech” (financial technology) firms and the rise of Canary Wharf as a Techcity 2.0  (to rival the other Tech City at Shoreditch), the competition for the best business centre space is becoming more fierce. With Servcorp and Regus already there, it is surely only a matter of time before other operators follow suit and take advantage of this rapidly expanding market.

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