If you are looking to rent a London office space property then you have found the best service on the web. We find you managed serviced office space in various areas of London - from Aldgate to Wimbledon. All of the office locations in the London section contain flexible office space to lease, with maps that show where the closest transport is, whether its a tube or a bus to catch.
If you are the director of a company and you are looking to find new space, also bear in mind that the real estate listed on our site is usually fully-managed, which means that the office or business centre that you will rent will come with reception staff and fully furnished offices that include desks, chairs, broadband - everything to get you started from minute one of your stay.
With serviced offices, you can generally tailor them to suit you - if you want an open-plan office or a small cubicle, the offices generally fit around you and your business. Serviced offices are generally used these days by both small businesses and corporate clients alike. There is usually a great mix of businesses in each and every business centre up and down the country - these offices are great places to do even further business.
So, whether it's a small office suite with one workstation, or a large, furnished, open plan office space to give your employees a new place to work, you can do much worse than to sublease space via our office space directory. There are not many other sites that list as many London offices as we do here at OfficeSpaceFinders.
The London office space locations above will direct you to the most the popular parts of the capital in terms of commercial property. The three biggest office markets in the capital are the West End, Midtown and City. Each of these areas has a high volume of office buildings as they are the key business districts in London. When major corporations look for office space in London, it is normally within one of these three key areas. Investors also look towards these areas, as they are the most likely to deliver a strong yield and return on investment.
The West End is possibly the most famous district in the world, certainly in terms of office space and it is one of the most sought after and prestigious places to locate a business. With such a long and esteemed heritage, the West End of London commands the highest office rents anywhere in the UK. In fact until the effects of the credit crunch took hold, it was THE most expensive area to rent office space globally. Asking rents per sq ft regularly breached the £120 mark, as companies vied for the most sought after locations. However rents have come down significantly now, by up to 40% from peak 2007 levels. However, it is still considered the prime location in London, and it is almost certain that rents will recover in the future. The reason that rents increased so much is that companies who rented office space in the West End tended to be financial companies, specifically private equity firms that required a prestigious address. They took workspace in places such as Berkeley Square, Wardour Street, Bond Street, Belgravia, Park Lane and Dover Street. To have "London W1" on your business address was considered to be greatly important for those in the private investor market. With money seemingly no object, companies lavishly outbid each other for the most sought after locations.
However not all of the West End is populated with men in grey suits and top hats discussing financial data. In fact there is another side to the West End, that of the creative and media agencies. Many "funky" agencies, particularly in the advertising and marketing medium, choose areas such as Soho to rent office space. They also want to impress clients as well as attract and retain the right type of staff to their business. They will rent office space in Soho and surrounding areas where there are a wealth of bars, cafes and restaurants that fit in with their creative and social persona. This might be described as the antithesis of a fund manager despite both sectors renting office space in the same areas of West London.
Midtown, also known as "Holborn" has fast become an increasingly popular part of London for companies. The area is bordered by St Paul's Cathedral, Trafalgar Square and is located between the West End and the square mile (City). Historically Midtown has been home to legal companies and newspapers but more recently has seen a more diverse range of tenants. There is a also a good selection of office buildings on the market, from large corporate style schemes right down to quirky serviced offices down a multitude of side streets. New industries to move into the area include media companies and designers, turning Midtown into a new social and economic hub. Two household names that currently have office space in Clerkenwell are Agent Provocateur and Alexander McQueen. The falling rental values has meant that Midtown has become an attractive proposition for companies seeking office space in central London. The average cost for businesses, inclusive of service charges in Midtown is around £80, compared with £90 in the City. Compare these figures to the West End which is close to £140 including service charges and you can see why the area has become such a magnet.
Aside from the West End and Midtown, the City is the other key Central Business District in London. This area is overwhelmingly populated with financial companies from around the globe. Anyone who is anyone is the world of international finance is likely to have an office, if not a headquarters in the City or Canary Wharf. Major locations in the square mile include Aldgate, Barbican, Bishopsgate, Bank, Liverpool Street, Moorgate, and Old Street. The office market has suffered during the recession which has meant that prices have fallen heavily. Most of this has been driven by increases in unemployment in the financial sector, increasing the amount of subleased office space on the market. Larger requirements have been few and far between, with many speculative schemes mothballed until the market picks up.