CBRE Borough Guide: Islington
As one of North London’s most desirable boroughs, Islington attracts high levels of residential investment. Islington has a diverse community and benefits from a vibrant nightlife with an array of bars, exceptional restaurants and cafes throughout. Although it has a traditional village feel, Islington is located just moments away from the City. The borough has 13 stations, and the ease of a commute will be further enhanced with Crossrail coming to the area in 2018. The area has been boosted by is proximity to ‘Tech City’ or Silicon Roundabout, which is a technology cluster around Old Street roundabout.
There are around 5,000 companies located in Tech City, which comprise a wide variety of start-ups, web and technology businesses. This has helped to boost the number and attractiveness of new residential developments in the area. This has boosted the amount of new residential developments in the area. There are currently 2,350 units under construction in Islington, including the Fosters and Partners designed 250 City Road.
Good to know:
- Islington was formed in 1965 by merging the former metropolitan boroughs of Islington and Finsbury, but the merged entity remains the second smallest borough in London and the third smallest district in England.
- The King’s Head Theatre and Pub in Islington is the first pub theatre founded in England. It has been in existence since the day of Shakespeare.
- Islington has the fourth highest new build values in London.
- The private rental sector in Islington has one of the fastest growth rates in London.