Covid-19: We are still 100% open for business...
Find out more
New Deals!

20 workstations acquired in St James’s for Technology Company

2790ft2 office space for management consultancy in Euston Rd, NW1

4640ft2 office floor for recruitment company in Worship St, EC2

After all the bad news over the last couple of years about never ending delays on Crossrail, aka Elizabeth Line, there is now significant progress to report!

The central section, which services the main London business districts, is now due to be completed and operating by Christmas. And this week it was announced that Tottenham Court Road Station was nearing completion, to be handed over to TfL (Transport for London) within 12 weeks.

Crossrail’s opening this year could prove to be hugely symbolic. As Andy Byford, appointed London’s transport commissioner in the Summer of last year, pointedly asked: “What could symbolise London’s phoenix-like rise from Covid more than the opening of the Elizabeth Line? Frankfurt can’t say that, Paris can’t say that, New York can’t say that!”

What could symbolise London’s phoenix-like rise from Covid more than the opening of the Elizabeth Line? Frankfurt can’t say that, Paris can’t say that, New York can’t say that!

Why is Crossrail important to London’s future?

The central section connects offices in Paddington and the West End of London to the City of London and Canary Wharf in the East. As we have covered before, this will make moving between the West End and the important Eastern business districts far quicker and easier than is currently the case. For example, travelling from Paddington to Canary Wharf will take only 17 minutes – compared to 33 minutes by Tube.

When eventually completed, the new Elizabeth Line will quickly take passengers from Reading or Heathrow in the West through Central London and out to Shenfield in Essex without the need to change trains.

How will Covid-19 affect usage of the Elizabeth Line?

Of course, the great unknown now is how many people will want to travel on the Elizabeth Line, given the Covid-driven changes in working practices.

Our recent survey of company’s office plans for the future indicated that 62% of UK businesses would continue mixing office and home-based working. For some time, it’s been apparent that fewer staff  intend to return to the 5 day office week once the pandemic subsides. On the face of it, this is now supported by the companies themselves.

Of course, the great unknown now is how many people will want to travel on the Elizabeth Line, given the Covid-driven changes in working practices.

With this in mind, the new line may have less usage than originally envisaged. Nevertheless the Elizabeth Line will still be a fantastic – and long overdue – addition to London’s transport infrastructure.

Crossrail: finally a light at the end of a long tunnel!

About Michael Fraser

Michael Fraser

Michael - founding partner of Find a London Office - started in the London property market in 1970. Michael has developed extensive knowledge of the locations, the owners, the rental values, and - most importantly - has developed very solid contacts with the other agents working in the hub of the conventional office market, giving him a considerable advantage both sourcing office space, and negotiating the best possible terms for the tenant.

Find Out More

Did you like this post?

Receive FREE updates direct to your inbox.
Everything you need to know about London office space!

Privacy Policy: We hate SPAM and promise to keep your email address safe.
Top