Led by Matt Lenzie, ex-Lloyds Bank and Bank of Scotland, we arrange commercial mortgages, bridging finance, and development finance across New Cross and the wider Lewisham area.
The New Cross commercial market is characterised by steady occupier demand, accessible pricing, and relatively low levels of speculative new supply, with retail rents of £18-32 per square foot and office space from £15-25 per square foot. Yields of 5.8% characterise the wider Lewisham market, and New Cross sits broadly in line, with higher-yielding opportunities on secondary parades. With 18.5% value growth over five years borough-wide, New Cross's fundamentals are strengthening, supported by transport improvements and rising residential values nearby.
| Property Type | Prime / Grade A | Secondary | Market Range |
|---|---|---|---|
| Office | £89 psf | £30 psf | £30 - £89 psf |
| Retail / Shop | £120 psf | £68 psf | £68 - £120 psf |
| Industrial | £23 psf | £13 psf | £13 - £23 psf |
Market estimates based on Q1 2026 regional benchmarking data. For accurate valuations, contact us for a detailed assessment.
Market data reflects Lewisham-wide averages. New Cross values may differ — contact us for area-specific guidance.
New Cross attracts development finance interest for conversion and refurbishment schemes, with project sizes typically ranging from single-unit improvements to small parade refurbishments. Wider regeneration, including lewisham gateway complete, is improving market confidence and expanding the pool of viable development opportunities. Small-scale builders and experienced investors are active in the area, acquiring tired stock for improvement and re-letting at improved rents.
Founder & Principal Broker
With a career spanning Lloyds Bank, Bank of Scotland, and a partnership in a corporate finance business, Matt brings institutional-grade expertise to deals across Lewisham and Greater London. Over £300m of capital raised for property professionals across the UK.
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