Research from estate agents Knight Frank found that properties in areas with high crime rates were worth up to 40% less than those in low-crime areas. One of the most significant impacts of crime on commercial real estate in London is on property values. In particular, small businesses and those located in high-crime areas are at greater risk of being targeted by criminals, leading to lost revenue and reputational damage. These figures demonstrate the significant impact that crime can have on businesses in the city. In this article, we will explore the impact of crime on commercial real estate in London and compare it to other cities in the United States.Īccording to the latest data from the Office for National Statistics, there were over 400,000 recorded incidents of crime in London in 2020, ranging from theft and burglary to assault and robbery. Criminal activity not only poses a threat to the safety and security of employees and customers but also affects property values and rental rates. Crime is an unfortunate reality that has a significant impact on commercial real estate in London, as it does in many cities around the world.
