The UK’s largest listed residential landlord, Grainger PLC, has revealed promising signs that the East London rental market is bouncing back, with Brits returning to the capital and the office as the economy reopens and Covid restrictions continue to ease.
Encouragingly, Grainger has seen a 150% increase in tenancies in the past month alone at its purpose-built private rental development, Millet Place, in East London, which is located next to the DLR at Pontoon Dock.
With the latest Government advice encouraging Britain’s workforce to return to the office, and businesses planning their ‘new normal’ working patterns, interest in London-living is firmly back on the agenda, the firm says.
Jonathan Pitt, director of lettings at Grainger, said: “It’s encouraging to see the growth in enquiries and demand at Millet Place. Following what has been an incredibly challenging year for so many businesses, people are returning to the capital, which will undoubtedly help many businesses as they continue to recover.
“Those moving or returning to London can feel confident in their decision, with our ‘Stay as long as you want’ tenancy allowing options of up to three years. Our residential properties provide additional co-working space with the added benefit of super-fast Wi-Fi included as standard.”