The average cost of flexible office space in the UK per person per month is between £150 and £1500, depending on the commercial property location and amenities.
According to data analysing the country’s top locations, companies of all sizes are overpaying for workspace because of the hidden costs of occupancy. When considering the floor space needed per employee, it can be more than £4,000 more expensive per year to sign up to a conventional leased space, compared to flexible space. You can compare it with Stockholm prices – price for coworking in Stockholm.
Demand for Serviced, Managed and Coworking Office Space in the UK
Prior to the COVID-19 pandemic, the flexible office industry was growing at a rapid pace. Despite slowing down in the first half of 2020, the UK’s top markets have still seen a 4% growth rate, and occupancy rates remained stable throughout the global lockdown for 30% of providers. We are now seeing a quickly growing demand for flexible commercial office space in smaller regional markets.
Cost To Rent Flexible Office Space in Top UK Cities 2021
City | Average Cost Per Person Per Month |
---|---|
London | £523 |
Bristol | £408 |
Birmingham | £245 |
Manchester | £419 |
Edinburgh | £373 |
Leeds | £359 |
Note: these figures are for Q1 to Q3 2020
London
Office Space in London holds the top spot for startups out of 60 cities in the European Digital City Index. So, what does it cost to rent a desk in the best city in Europe for digital entrepreneurship and startups? This metropolis and business hub for local and foreign-owned companies is ranked as one of the most expensive places to rent a desk in the UK.
The dynamism of the tech sector has been a key driver in the growth for coworking space in London and mobile, digitally-fluent communities. The agile working characteristics of the tech sector in London has paved the way for coworking markets elsewhere, such as Bristol, Leeds, Manchester and Birmingham.
Average cost per person per desk: £523
Popular areas in and near London:
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Bristol
Bristol has a strong economy with several growing specialist sectors. It’s also been ranked among the UK’s most entrepreneurial cities and is dominated by the creative media, electronics, aerospace, IT, tourism, financial services and defence industries.
Average cost per person per desk: £408
Popular areas in and near Bristol:
View all flexible office space in Bristol.
Birmingham
The most populous British city outside of London, Birmingham boasts the second largest metropolitan economy in the UK. It’s internationally recognised as a business hub with a strong economy, has an expanding CBD, and transport efficiency that makes it easy to access major destinations around the UK – all reasons that Birmingham is an ideal city in which to do business.
Average cost per person per desk: £245
Popular areas in and near Birmingham:
View all flexible office space in Birmingham.
Manchester
Manchester has the third-largest metropolitan economy in the UK, has been ranked as one of the most influential UK cities, and is also one of the country’s most entrepreneurial cities, making this region prime real estate for businesses and investors.
Manchester is considered a ‘beta’ global city. With a strong economy and global recognition, it’s an ideal UK location in which to base your business.
Average cost per person per desk: £419
Popular areas in and near Manchester:
View all flexible office space in Manchester.
Edinburgh
One of the strongest economies in the UK after London, Edinburgh is home to thriving science, education and tourism sectors, while the financial industry is prominent. With a high ratio of professionals, talent is in no short supply, and the city offers one of the most competitive landscapes for businesses in the UK.
Average cost: £373
Popular areas in and near Edinburgh:
View all flexible office space in Edinburgh.
Leeds
The third-largest city in the UK with the fourth-largest urban economy in England, Leeds has many prominent sectors, including one of the largest legal centres in the UK. The CBD is perfect for businesses wanting to be submerged in an active hub.
Average cost per person per desk: £359
Popular areas in and near Leeds:
View all flexible office space in Leeds.
Contact us to manage your flexible workspace needs in the UK’s top cities: London, Bristol, Birmingham, Manchester, Edinburgh and Leeds, no matter how big or small your business may be.
Are you confused by office rental terms or want to brush up on your office jargon? We’ve created a useful Glossary of Flexible Office Space terms, whether it’s hybrid, hotdesking or flexi working you’ll find all the explanations you need.
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