City - London
The City is often referred to the Square Mile, a term that refers to the original size of London. The City vies with New York City as the financial capital of the world; many banking and insurance institutions have their headquarters there. The London Stock Exchange (shares and bonds), Lloyd's of London (insurance) and the Bank of England are all based in the City. Over 500 banks have offices in the City, and the City is an established leader in trading in Eurobonds, foreign exchange, energy futures and global insurance. In 2009, the City of London accounted for 2.4% of UK GDP.
Since 1991 Canary Wharf, a few miles east of the City in the Docklands, has become another centre for London's financial services industry which houses many banks and other institutions formerly located in the Square Mile. Seven of the eleven London Underground lines run through the City, serving eleven stations. The City is in Travelcard Zone 1.
The national A1, A10 A3, A4, and A40 road routes begin in the City. The City is in the London congestion charge zone, with the small exception on the eastern boundary of the sections of the A1210/A1211 that are part of the inner ring road. The City, like most of central London, is well served by buses, including night buses.
A growing number of tall buildings and skyscrapers are principally used by the financial sector. Almost all are situated in the eastern side around Bishopsgate, Leadenhall Street and Fenchurch Street, in the financial core of the City. In the north, there is a smaller cluster comprising the Barbican Estate's three tall residential towers and the commercial CityPoint tower. There are more structures in construction as you read this.
The area has a huge range of shops, bars and restaurants to enjoy. In terms of flexible workspaces, there’s a huge range of options. We’re still in the process of listing all the options. We’ll conduct a search for you based on your needs, so call us and let us do the hard work.