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Aldgate & Whitechapel

With an office stock of just 6.5m sq ft, the City’s Aldgate/Whitechapel is the smallest of the City sub-markets. Nearly a third of the market is found in the E1 8 sub-postcode, which is the area to the South East of Aldgate Underground station.

It is bounded to the West by the City Core and to the East by Docklands. Whitechapel Road is on the Crossrail route. Until six years ago, rents in Aldgate/Whitechapel were comparable with those in Shoreditch/Clerkenwell. However, recent years have seen rents surge ahead.

Shoreditch/Clerkenwell has been the focus point of London’s new wave of tech firms; whereas Aldgate/Whitechapel has been more of an overspill for the sector. Recent new office developments have, however, improved the quality of stock.

2021 Rating Revaluation - Impact on Business Rates across London

Businesses across the Capital will need to be aware that their rating assessments are currently being re-valued with the new Rating List coming into force on 1st April 2021.

Click on the map to view business rate changes by London area or select an area from the dropdown.


Occupier profile

Aldgate/Whitechapel is home to a mixture of occupiers. While in the past it has been thought of as a back office district for large banks and insurance companies, the rise of London’s technology and creative sector, coupled with rent inflation in Shoreditch, has resulted in more tech and creative start-up companies favouring the E1 postcode.

2021 Rating revaluation impact on business rates across London

Business Rates Map

 

The new Rating List will come into force on 1st April 2021 and this will herald changes to the level of business rates charged across the Capital. Our heat map reflects the anticipated impact businesses will face next year within each submarket.

Those with the strongest increases are in dark red and those in the lowest are in lilac. By way of background, the rating lists are based on the rental market two years before the list comes into force. The 2021 Rating List will reflect the changes in the rental market between April 2015 and April 2019.

The new rating list will come into force next year and the anticipated changes in business rates for this locality are set out below.

Per sq ft2019/202020/212021/22Change (%)
Rate Payable £23.12 £23.65 24.75 7.03%