How working from home is reshaping Canary Wharf

Canary WharfHSBC is reinventing itself. When it was London’s new financial hub in the 1990s, bankers and lawyers filled its glass towers. Now that Londoners are not commuting five days a week, the district is broadening its appeal, to accommodate those seeking somewhere to live or let loose. Will it succeed?An effort to diversify has been in the works for years. But the exodus of workers during the pandemic, and the departure of corporate tenants such as , a big bank, and Clifford Chance, a law firm, have sharpened it. Across the capital 9.5% of office space is empty, above the five- and ten-year averages, cramping valuations. Rising interest rates have pushed up borrowing costs, just when landlords face extra bills to make buildings greener.