A guide to office space in London Victoria
Victoria is a district dominated by commercial property, private and social housing. Situated in the City of Westminster, the district is centered around the busy Victoria Station and has become one of London’s major transport hubs. As one of the busiest travel interchanges in the city, it offers fantastic links to the rest of the city as well as the rest of the UK. It has over 70 million people passing through each year and is home to the headquarters of Transport for London. Now known as a prestigious area, Victoria has attracted a host of entrepreneurs, innovators and big businesses. This includes the offices of the well-known Telegraph Newspaper. Because of its central location, the area is also a hit with many multinational corporations. Victoria, named after Queen Victoria, sits at the heart of many of Britain’s most important institutions such as Buckingham Palace, the Home Office, Westminster Cathedral and the Houses of Parliament. With these tourist attractions in close proximity, Victoria is a popular choice for businesses in the travel industry, including the many hotels and restaurants that populate the area. Shops also line the main streets of Victoria, servicing the many commuters that go by. Because Victoria is a transient area, a lot of retailers are aimed at the passing trade and in turn it has become one of the largest sectors in the area. The district is also a popular cultural destination with two West End theatres situated there.
The location
A fairly small district, Victoria is made up of the streets adjoining Victoria Station, including Victoria Street, Wilton Road, Grosvenor Gardens, Vauxhall Bridge Road and Buckingham Palace Road. The front of the station is the central point of the district where all the major roads intersect. It is also by far the busiest, with traffic, commuters, vendors and offices all populating the area.
Neighbouring areas - price comparisons, per person per month
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The prices given below are the minimum to maximum average cost for serviced offices, per person per month, derived from our Sales Team's knowledge. |
| Area | Indicative price range |
|---|---|
| Victoria | £600 - 900 |
| Waterloo | £450 - 650 |
| London Bridge | £500 - 900 |
| City of London | £650 - 1400 |
Looking for an office in Victoria
Victoria was named as an ‘opportunity area’ by the Mayor of London in 2011, who recognised the potential of the area with its excellent transport links. There are now big plans in place for both residential and commercial growth in the coming years. There have been a number of proposals emerging for major redevelopment in the area, including improvements to the Victoria Underground Station, and regeneration of the surrounding sites. These developments mean great things for businesses already working or looking to set up in Victoria. As the region grows its commercial offerings, it is set to become an even more popular choice for both local and multinational companies.
Costs
The average price for serviced offices in Victoria is £600-£900 per person per month. This price includes a range of amenities including Internet, meeting room access and IT and administrative support.
Office sizes
Victoria offers a range of flexible office solutions to suit a variety of businesses looking to move into the area. Instant Offices is able to help find companies a suitable office space no matter their size, and are able to accommodate most enquiries, from a single desk to 100 or more.
Why choose Victoria?
Ranked among some of the wealthiest areas in Britain, Victoria offers businesses and retailers an attractive location in the heart of London. With fantastic transport links leading throughout the UK, the district is a great choice for businesses who need to travel regularly or who have a lot of daily in-commuters from the rest of the country. It also means that offices are very accessible for both employees and clients. For businesses in the tourism and retail industry, Victoria has millions of people passing through every year, meaning that is in a prime position for constant trade. The many restaurants and eateries also mean that you are spoilt for choice when it comes to deciding where to have your next business lunch. With upcoming plans to develop and grow Victoria, this is just the start for the regally named district.
For more information on the current state of the UK serviced office market check out our UK Flexible Workspace Review 2016.
Want to find out more?
If you’re looking to move into the area, or simply require more information, contact Instant Offices' specialist local consultants.
Email our team or call us and we'll be delighted to help you.