JLL Residential

Lettings up a third, as Nine Elms starts to take shape

London, 5th February 2018 - Latest figures show that by the end of Q4 2017, JLL Nine Elms had let 70% of its stock, up almost a third on the previous year. With more build completions, new shops, restaurants and bars opening, the area is rapidly transforming offering a taste of things to come.

According to JLL’s Q4 2017 figures, the increase in stock let is also reflective of the growing number of tenants wanting to live in the area, up a third from the year previous. Whilst it’s still early days, this is a promising start to 2018.

Daniel Turner, Associate Director at JLL explains: “We’ve had a superb year in the lettings team at Nine Elms, we have had more applicants register than ever before and an increase of homes let in the area. The regeneration of Nine Elms and the Battersea Power Station is South London’s biggest project, and the opening of two new rail stations south of the river will be a game changer.

 “Nine Elms is popular with HNWI’s largely working in tech, finance and law, attracted to the area because of its proximity to the City, as well areas like Clapham, Battersea, Chelsea, Knightsbridge and the West End. They enjoy the shared amenities available in these modern apartments, including: swimming pools, roof gardens, gyms, cinemas and games rooms.

 “Whilst building works continue, Nine Elms is coming of age and there are some cool restaurants open including Mother Pizza, No.29 and Wright Brothers.”