Sometimes the logistics of operating a business can be frustrating for stakeholders, whether an employee or delivery driver. The latest underground development known as Crossrail will provide commuters, tourists, and the public with a simple route from Reading to Shenfield, stopping at Heathrow Airport and Abbey Wood. In total, the line will offer routes to 41 stations.
Whilst the full line is not yet open part of the line is, and positive impacts are already being forecast for the open day. According to the latest infographic from Pall Mall Estates we will see positive impacts for the property market, and on local businesses.
The residential property market is expected to see an overall increase in value of £10.6 billion, for properties located within 1km of the station. This is a plus if you are looking for an investment.
For business owners looking to grow in the capital you can expect an increase in commercial space of over 4.4 million sq ft. giving you much more choice than before, and this could mean it is the perfect time to start searching.
With the line offering a simpler commuting route an extra 80,000 jobs are set to be created. These opportunities will attract an increased amount of people to the regeneration areas. Therefore if you own a business based in London finding suitable candidates for key positions should be easier with more people being able to access the location on a daily basis.
As well as forecasted figures there are some positive effects on the public that may also have positive impacts on businesses.