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
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