Moreover, some parts of Docklands were experiencing severe dereliction, and this only acted to discourage investors into the area, owing to the ensuing high and uncertain development costs (Brownill 1999). Even then, a lot of development sites lacked proper infrastructure for accessibility, and this further curtailed on development. Owing to the absence of proper linkage strategies between Docklands, the larger part of London, as well as the entire country and the world as a whole, this only served to decrease the investment returns of employers, by leading to added costs (Brownill 1990).
The market too, failed to provide the necessary amenities, environment and infrastructure that Docklands so much needed, if at all it was going to attract investor, while also casting off its hitherto diminished image. Ultimately, some hidden gaps were later to emerge, and these were discovered to have been a hindrance towards a positive market operation. A case in point was the lack of a private house developer in the area for a long time. This then acted to discourage would-be house developers, as they lacked a benchmark to gauge their chances of recouping their investments, should they venture into the housing business.
During this period of the 1980s, Docklands charged th...
s for commercial rent (less than 5 pounds for every square foot of office space), when compared to other parts of the London city, such as the west end (around 12 pound per square foot of office space) (Brownill 1990).
This was despite the fact that Docklands had limited office space. At around 1981, the railway network in Dockland was both slow and inconveniencing, for travelers and transporters alike, who commuted between the town and the other parts of London.
First, there lacked a direct railway service to the city center by the two major lines of rail, prompting passengers to switch to the tube, as a way of getting to the city. Secondly, the Isle of Dogs lacked a link and most parts of Docklands lacked rail link that would help connect it to the other parts of the country. On the other hand, the main mode of transport at Docklands then was mostly by bus, especially to the Isle of Dogs (Church 1988).
Nevertheless, the journey was longer, owing to poor infrastructure, and the services were usually unreliable. This was despite a regular frequency of the buses. At the same time, Docklands lacked a properly developed network of pedestrians, while the town could only boast of a single cycle-way. In matters environment, Docklands had a river frontage that was on the blink of crumbling, while over 110 historical buildings were in a dire need for restoration (Oc & Tiesdell 1992).
Owing to the economic decline witnessed in Dockland during the 1980s there followed a mass exodus of people from the town. In fact, there has been reported a decline of 18.5% drop in the population for a period of 10 years from 1971 to 1981, from 48,352 to 39,429 people respectively (Smith 1991). At the same time, the rate of unemployment was pegged at 10.9%, a figure that was