JLL has revealed huge levels of interest in the East London lettings market, highlighting the surge in demand led by university students anticipating a return to London life ahead of the new university year in September.
With enquiry levels up 55% in June 2021, the JLL Lettings team in Canary Wharf is facing another record month and anticipate sustained interest in the area throughout the rest of the summer as more people return to the capital from the countryside following the recent unlocking of restrictions.
Speaking on the results, Lauren Hatcliff, director of lettings at JLL Canary Wharf, said: “The current Canary Wharf market is the busiest I’ve ever seen it. Enquiry levels for us were up by 55% in June 2021 compared with the same time last year, and move in levels are over 150% higher than they were in June 2020. Beyond the ever-increasing general attractiveness of the Canary Wharf area, this increase is predominantly being fuelled by the return of international students who are mainly looking for new high-end developments in Canary Wharf.”