A regular street market is returning to Albion Street every Saturday from 5 July.
The market, open between 10am and 5pm, will have stalls selling art, bric-a-brac, fresh produce and baked goods.
The new market follows the success of the Midsummer market held last weekend.
Simon Hughes MP said: “Everybody involved with the first Midsummer market for many years in Albion Street deserves congratulation.
“Young and older businesses had stalls along the road, selling food drink and many other things from home and abroad – including Finland, linked to the Finnish church in the street. Maypole dancing lessons were an additional excitement for children.
“It is really good that so many people are committed to bringing back life and commercial activity to Albion Street.
“Rotherhithe is on the way up and everybody will benefit if Albion Street really takes off as a successful local shopping centre in SE16.”