EC postcodes are invaluable to many industries — especially those businesses involved in finance, insurance and consulting, who need to be based in the area because of its status as one of the major financial districts of the world. Offices in this area are in easy-to-reach locations, since The City is small, and easy to walk around in, and there are excellent transport links.
Companies considering a move into the EC district often look for prestigious buildings and addresses, as well as similar companies close by. As a result, direct competitors can often be found in close proximity.
Most of The City businesses tend to be client facing; however, those with lower/tighter budgets often opt for virtual offices.
Client priorities tend to be
- Budget (it’s extremely competitive in the city)
- The type of building
As with all offices across any major city, location will massively affect the price. Generally, prices for fully serviced offices within the EC postcode will range from £450 – 1000 per person, with the majority falling between £650 – 750 per person per month.
Prices for offices within the EC postcodes are structured identically to those in serviced offices nationally. The price quoted is on a per person/per month basis. This can sometimes confuse clients, as they have a fluctuating number of staff or are looking to expand/downsize in the near future. What this 'per person' cost actually relates to is an amount of space, generally between 50-70 square feet, which is allocated per person. This then allows a prospective tenant to calculate how much space they might need and the associated costs.
Within the EC area, the market will always be relatively buoyant, as there is continuing development with new buildings opening regularly. There are also a number of high profile clients based in these areas, as outlined previously.
The investment into Old Street/Shoreditch (dubbed Tech City) from companies such as Google has served to reinforce the types of company looking to be based there. Prices are on the increase in the area, and would currently sit at around £400 – 500 per person.
We offer a great variety of office sizes, and are able to accommodate most enquiries, from one person through to 100 or more, depending on the specifics. Serviced office providers can be flexible with the layout of the workspace, and are happy to discuss partitioning to fit a particular requirement.
Why choose London EC?
Key benefits of working within the City of London EC include easy access west on the Central line into the West End and Midtown areas. There is also access north or south via the Northern line. The Dockland Light Rail is another efficient option, making the EC postcode area an attractive location for employees and commuters.
Aside from travel, the City of London is an area that will always be sought-after, regardless of what happens in other areas. To display a London address with an EC postcode on a company’s website speaks volumes to prospective clients.