Page 7 - JLL - The Transport Premium

Elizabeth Line

Annual rental growth performance following the opening of the Elizabeth Line

Elizabeth Line rental market 40%

35%
Whereas investors are keen to speculate on
transport improvements, for tenants the real 30%
premiums begin to emerge once
improvements are in place and the benefits
can be felt. Average rents across London rose 25%
12.5% in the year following the opening of the
Elizabeth Line. Across the line, average rents 20%
rose 13.3%, with Twyford, Woolwich and
Southall seeing the largest increases in rents. 15%

Generally, we see higher rental premiums in 10%
areas which have seen the greatest reductions
in journey times. Journeys from Woolwich,
previously one of London’s most poorly 5%
connected areas, has seen travel times to
Liverpool Street halved to 15 minutes, whilst 0%
journeys from Woolwich to Whitechapel have
improved by almost 20 minutes. Woolwich saw
annual rental growth of 26.2%. 56% of areas
surrounding Elizabeth Line stations
outperformed their regional average. 1 year rental growth Regional Performance

Source: JLL Research, HM Land Registry
7 © JONES LANG LASALLE IP, INC. 2024