Victoria consists predominantly of commercial property and private and social housing, with retail uses along the main streets.

Cardinal Place, across the street from Westminster Cathedral, opened in 2006 and contains a selection of restaurants, banks and shops, including a Marks and Spencer store.

Further along the street, there is a large House of Fraser department store (formerly the Army & Navy) opposite Westminster City Hall.

Part of a slum, dubbed "Devil's Acre" by Charles Dickens, was demolished to construct Victoria Street, which opened for use in 1851.

[1] The architect Archibald Leitch who was renowned for his work designing football stadiums including Goodison Park, Craven Cottage, Anfield, Stamford Bridge, Old Trafford, Ibrox and White Hart Lane among many others, had offices which were based at 53 Victoria Street and the street as a whole housed many consulting engineering firms until the 1970s.

[citation needed] According to Norman Wisdom's biography, he slept near the statue of Marshal Foch by the bus station at the westerly end of the street when his parents split up at the age of 9.

Victoria is a designated 'Opportunity Area' in the Mayor's London Plan and Westminster City Council's Adopted Core Strategy January 2011 policy planning document, recognising the potential of the area, with its excellent transport links to accommodate commercial and residential growth.

There are a number of emerging proposals for major redevelopment in the area, including improvements to the Victoria Underground Station, and regeneration of surrounding sites.