How Much Does an Office Space in London Cost?
It’s a well-known fact that London’s talent pool of professionals is unlike anywhere else in the world, so evidently, it is a sought-after location for businesses looking to make their mark.
The cost for a serviced space in the Capital varies depending on the location, style of space, and amenities you’re looking for. But, with so much choice on offer, you’re guaranteed to find a serviced office space that offers Plug’n’Play solutions, flexible terms, and all-inclusive pricing, all whilst matching your budget and needs.
The average office price in London
London has some of the best-serviced office spaces in the world and are easily accessible for businesses of all sizes. It is home to many businesses, giving you a wealth of opportunities to attract new talent and build professional relationships.
As mentioned, rental prices depend on the area of London you’re looking to situate yourself in. For example, Mayfair, Bank, Soho, and King’s Cross come in at the higher end, with businesses expecting to pay anything from £300 to £1,600 per month, whereas Canary Wharf comes in at the other end of the scale with a maximum price of £450 per month. In between those locations you also have Fitzrovia, Covent Garden, Shoreditch, and Holborn, where you can be paying anything from £244 to £900 per month.
The real money-saving tool here is serviced spaces. Serviced office spaces come fully fitted with all your essential needs, including chairs, desks, and equipment to help you carry out your primary business needs with ease.
How to find the right office space for your business?
But, how to find the best one for your business? When looking for a new base, you should consider your team's size, needs, and working style. Are you starting up? Then you’ll be wanting a space that can grow with you. Is networking important? Then a central location will benefit you best. Perhaps transport is your priority? Then you’ll need a space that offers convenient access to in and around the city.
For those wanting an office that will grow with them, then space is a must. Office spaces in Bank are a great choice. Offices vary from purpose-built business centres to architecturally stunning Grade II listed buildings. Spaces offer breakout rooms, event spaces, and meeting rooms, giving your team ample room to collaborate and work autonomously whenever needed. You can expect to pay anything from £350 - £1160 per month when renting a serviced office space in Bank.
If you’re interested in an office that is conveniently located to accommodate commuting employees, international clients, and the like, then office space in Mayfair is the perfect choice. Situated only a few minutes walk from Bond Street tube station, offices have access to the Central, Jubilee, Victoria, Piccadilly, and Bakerloo lines, and some even have direct access to Heathrow Airport. You can expect to pay anything from £450 - £1600 per month when renting a serviced office space in Mayfair.
Alternatively, make a home in one of London’s most important business districts with a Canary Wharf location. These office spaces are in the heart of London’s financial and insurance district, offering your business some of the best networking opportunities. Spaces also provide both private offices and coworking spaces, meeting rooms, and the latest in technology and communications to keep your business running smoothly. You can expect to pay anything from £249 - £450 when renting a serviced office space in Canary Wharf.
Why rent an office space in London?
In the professional world, companies will usually always judge a book by its cover. A postcode can say a great deal about a business and a London postcode will have you in great company, helping you stand out against your competitors.
What’s more, flexible offices for rent in London let you avoid all the maintenance and administration costs, allowing your business to focus on running and growing. And, with proximity to a wealth of amenities, your business has all the tools at its disposal to thrive in the Capital.
Hopefully, you have a greater understanding of the London office space market and can go forth in your search to make informed decisions. Browse our entire list of London offices and get one step closer to discovering your dream office location.