Croydon’s office vacancy rates are at their lowest for a generation and big name companies such as EDF Energy, the Body Shop and Superdrug are choosing to locate in the borough.
Just 280,000 sq ft of the existing office stock vacant is vacant down from a peak of 1.8m sq ft just two years ago, partly due to permitted development in the town but also the relatively affordability in Croydon compared to central London locations.
The offices nearing completion in Ruskin Square are expected to attract a big-name occupier while Guildhouse Rosepride has included seven floorplates of 30,000 sq ft each in their proposals for a mixed use scheme, featuring towers of 69 and 42 storeys, at One Lansdowne Road.
Gatwick Airport expansion would deliver around 4,000 new jobs to the Croydon economy and the airport is currently working in partnership with Croydon to bring their programme to fruition.
The town’s commuter catchment area takes in 1.1 economically active people within 30 minutes’ travel time – around the size of the total population of Birmingham – and more than 4 million people within 45 minutes travel time.