HSBC decision to quit Canary Wharf for the city rocks Docklands

HSBC’s decision to quit the 102,193 square metre skyscraper that bears its name in Canary Wharf in favour of a smaller office in the City of London is the latest blow to the east London financial district, which is becoming a less popular choice for businesses navigating a world reshaped by the pandemic.

The desire by firms to lure staff back to the office is playing out in the shifting fortunes of London’s major office districts and is landing firmly in favour of London’s buzziest areas. In the changing office landscape, Canary Wharf is increasingly losing out to the City of London and the West End.

Bloomberg