Rockwell East & Prescot Street: Area Snapshot
Construction at Rockwell East continues to go ahead according to schedule, with exciting developments being made to the interior of the building in alignment with the plans drawn up by design partner Waldo Works. The development is set to be a fantastic addition to the local area, delivering more office space and tourism. Caught between the City and Docklands, the area has received much investment over the past decade due to its proximity to key transport locations, as well as becoming a destination location for up and coming businesses.
Located in the City Fringe submarket, the area has become known as something of a tech-hub, with Silicon Roundabout just up the road from 31 and 32 Prescot Street. Cooling forecasted rental growth is mitigated by the extremely strong growth witnessed in 2014 and 2015, with average rents currently hovering at an encouraging £50 per square foot, but with much higher rents being achieved in certain grade A buildings in the area.
The building’s proximity to several major transport hubs makes it the perfect destination for office workers and tourists alike with nearby stations Tower Gateway and Aldgate East offering quick and easy access to Canary Wharf and central London respectively. The site’s proximity to London Fenchurch Street and London City Airport also makes the offices highly accessible to those commuting from outside of London, or those flying into the city. Similarly, the commencement of the Elizabeth Line – scheduled for late 2018 – will be a major boon to the area, with Liverpool Street and Whitechapel Crossrail stations within easy walking distance of Rockwell East and the offices at 31, 32 Prescot Street.
Visitors to London will be transported back in time by the Tower of London and Tower Bridge, both a stone’s throw from Rockwell East, whilst the ever increasing offerings of cosy pubs and trendy bars will keep them busy in the evenings. Rockwell East will also be the perfect launch pad from which to visit iconic London spots such as nearby St. Paul’s, Old Spitalfields Market or the Southbank as well as having trendy east London within walking distance.