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Wimbledon continues to deliver consistent, strong rental growth from its relatively compact office stock, which is firmly focussed around the mainline station in a handful of sizeable buildings.
With high-value residential on all sides, the commercial core is constrained. Merton Council is openly inviting applications for commercial towers – if anyone was bold enough to deliver one. In the clever refurbishments undertaken, rents have reached £55 per sq ft already, with space in legals set to go higher. Wimbledon is therefore now up there with Hammersmith and ahead of Richmond, the usual comparison town.
Accessibility and amenity have always been Wimbledon’s key strengths, rather than the “tennis factor”. The proof is the youthful working population at Unibet, Coty and DomGen who commute in from across south and west London. Although Centre Court Shopping has been sold and the Debenhams is gone, The Broadway remains a very vibrant A1 and A3 retail pitch, bringing the future prospect of a shrunken shopping centre.
Crossrail 2 remains a distraction on the horizon and should remain as such – the enormous disruption and cost seem difficult to justify, when the town is already one of the best connected in suburban London – offering rail, tube and Tramlink.
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