A study by property firm Cluttons has shown the competitive nature of the London commercial property market; with Southbank new build rents hitting peaks of £62.50 per square ft., closing in on those achieved by West-End new builds (£65 psf). A lack of availability, cheaper rents on offer during the financial crisis and a more eclectic mix of food and drink establishments in surrounding areas, are a few reasons as to why there has been a rise in rents in SE1 – many companies are also attracted to the transport links on offer in Waterloo and London Bridge.