2012-12-31-莱坊-Tech_City_Living_2013_6页_4mb

TECH CITY LIVING: RESIDENTIAL DEVELOPMENT SUMMARY (2013)

Core Content

This report focuses on the residential development and economic dynamics of London's Tech City, particularly the area around Silicon Roundabout. It highlights the region's growing importance as a tech and innovation hub, its impact on housing demand, and the future outlook for the area's property market.

Main Points

Economic Resilience and Growth

• London's economy has outperformed other UK regions since the economic downturn.
• It accounts for nearly a quarter of the UK's Gross Value Added (GVA).
• The number of jobs in London increased by about 250,000 between 2007 and 2012.
• London's TMT (Technology, Media, and Telecoms) sector contributes significantly to the economy, with 650,000 jobs and £125 billion in GVA annually.
• London's TMT sector alone generates £26 billion in direct economic value and an additional £23 billion indirectly.

Tech City Development

• Tech City has become a key innovation and tech entrepreneurship hub.
• The area around Silicon Roundabout (Old Street roundabout) is a central focus of the report.
• The region includes parts of Islington, Hackney, and the City of London.
• Knight Frank identified the area as a "development hotspot" due to regeneration and new amenities.

Housing Demand

• Housing demand is expected to rise strongly in Islington and Hackney by 2021.
• Islington's household growth forecast increased from 8% to 18%, adding 16,500 new households.
• Hackney's forecast increased from 8% to 13%, adding 13,000 new households.
• The number of new households is used as a proxy for housing demand.
• Prices in the area around Silicon Roundabout have outperformed other parts of London, rising by 24% from 2011 to 2013.
• Knight Frank forecasts a 10% increase in prime central and outer London property prices by the end of 2015.

Business and Employment

• The business hub around Tech City includes major tech firms and start-ups.
• The area saw the highest number of new businesses in the UK in the year to March 2013, with 15,720 new businesses.
• Google has opened a campus near Silicon Roundabout and plans to establish its new headquarters in King's Cross.
• The Greater London Authority (GLA) forecasts high employment growth in Islington and the City of London over the next 20 years.

Transport and Infrastructure

• The area is well-served by the London tube network, including the Northern and Circle lines.
• Crossrail (Elizabeth Line) will connect the area to Paddington, reducing travel times by about half.
• Crossrail 2, a proposed second high-speed rail line, is supported by the Mayor of London and could open in the early 2030s, with Angel as a key station.
• £50 million has been allocated to create Europe's largest indoor civic space for start-ups and entrepreneurs in East London.

Lifestyle and Amenities

• The area is becoming a vibrant residential and commercial center with a growing number of bars, restaurants, and cultural venues.
• Young professionals, particularly those in the tech industry, are migrating to the area, contributing to its dynamism.
• The central location allows for a minimal commute, with many residents able to work and live in the same area.

Key Information

• Tech City's Growth: The area has seen significant development and regeneration, making it a prime location for both businesses and residents.
• Housing Projections: Household growth in Islington and Hackney is expected to be among the highest in London by 2021.
• Property Price Trends: Property prices in the area have outperformed the broader London market, with a 24% increase in the 800-meter radius of Silicon Roundabout.
• Future Developments: Continued infrastructure projects, including Crossrail and new civic spaces, are expected to further boost the area's appeal and property values.

Conclusion

Tech City, particularly the Silicon Roundabout area, is a rapidly evolving region in London that combines economic growth, innovation, and residential development. The area's appeal is driven by its vibrant tech industry, strong housing demand, and strategic transport links, making it a key focus for future urban development and investment.