The Crossrail effect: how the development has changed central London rents

Development opportunities created by the Crossrail project in London are moving closer to fruition as Transport for London begins to release the sites above key stations. Schemes at Bond Street, Tottenham Court Road, Liverpool Street, Paddington and Farringdon are set to get under way next year, with the first section of the Elizabeth Line itself due to start running at the end of 2018. More than 3m sq ft of office, retail and residential space at 12 developments between Paddington and Woolwich has been created by Crossrail, which is now 85% complete. The developments are expected to generate an income