This just north-of-central neighborhood started off as part of London’s industrial heartland. With the historic Clerkenwell Green at its centre, the area is home to City University, BPP University, the Royal Courts of Justice, and the site of Charles Dicken’s home. In recent years, this once-industrial area has been transformed into a design and gastronomic hub within the City.
The area’s prime location near the Square Mile and the City’s financial and tech districts has specifically led to an influx of creative professionals. This community of architects, designers, publishers, and other creative professionals has worked to renovate Clerkenwell property. As warehouses and period buildings have transformed into offices to rent and more contemporary builds, the rest of Clerkenwell has flourished. Clerkenwell Road and St. John Street are now dotted with Michelin-starred restaurants, historic pubs, and lively bars. Popular shopping areas include Exmouth Market and Smithfield Wholesale Meat Market, which is London’s largest.
With continuing development, Clerkenwell property for sale has become highly sought after and difficult to find, such that the local community is even pushing for more affordable housing. In particular, design agencies and publication companies have helped increase the value of investment property for sale in this area by using renovated warehouses as their headquarters. Clerkenwell thus remains a popular target for development, with many options for commercial properties to rent or buy.