CBRE Borough Guide: Hackney
Shoreditch in Hackney is one of the most popular City fringe districts. Shoreditch’s transformation began in the 1980s when a pioneering artistic community moved in. This was then complimented by new restaurants, cafes, bars and shops that saw the opportunity to capitalise on this. The influx of a young creative demographic to Shoreditch made the area significantly more attractive and the young professionals started to move in.
Today, Shoreditch is the heart of Tech City, with Silicon Roundabout within its borders. Tech City has been supported at both a local and national government level since 2010. The area now hosts 3,200 tech firms per square kilometre, compared with the London average of 58. In recent years, the tech industry has been a major contributor of growth. Last year, creative and technology companies accounted for 34% of office take-up in the City fringe. This compares with only 12% ten years ago.
Good to know:
- There are 1,300 listed buildings in Hackney, including the iconic Grade II* Hackney Empire, Tudor Sutton House, and the Grade I medieval St Augustine’s Tower.
- More people in Hackney cycle to work than in any other London borough and it has more green space than any other inner London borough, with 62 parks and open spaces.
- Our forecasts suggest Hackney will have one of the highest rate of house price growth in London over the next five years