Office rental in London
Whether growing a business or just starting out in London, finding an office space in the right location is an integral part of the journey. If you need an office full-time for hybrid work or simply need a comfortable space for your team to meet up occasionally, the capital is absolutely brimming with options. From
Piccadilly Circus to
Trafalgar Square, there are serviced offices to suit your business and your budget across London.
What are included in services offices in London?
Serviced offices are flexible spaces, fully furnished and technologically equipped to deal with your company's needs. Operators manage the building's rental, maintenance, and reception, and everything you need to run a business is included in your serviced office fee. Serviced offices offer fixed monthly fees for the facilities provided, with flexible leases meaning you only need to pay for as much office space as you need, on a pay-as-you-use basis. Regardless of the size of your team, whether a large corporate or small start-up, London’s serviced office market has the space for you. Each serviced office comes with a wide range of facilities to help your day-to-day operations run smoothly, including 24-hour access, onsite support staff to assist with day-to-day requests and business-grade Wi-Fi to keep you connected means.
What are the options for flexible office rental in London?
As one of the most developed markets for rented office space globally, London has it all. If you're looking for creative office to rent, a tech workspace, or a multi-floor serviced office space; this is the place to find it. Operators will be keen to accommodate your team's needs, and many will offer bespoke solutions to ensure maximum productivity in the space. Search thoroughly as London's range of serviced offices is home to a diverse array of office solutions to suit companies from fresh start-ups to established firms.
Types of flexible offices in London include:
- Serviced offices
- Managed office space
- Virtual offices
How much is it to rent an office in London in 2022?
The average cost of a serviced office space in London per person, per month, is £520. The below figures represent a broad flexible office space average and include both serviced and private office spaces to rent in London.
Popular locations for office rentals in London
London’s most popular locations for serviced offices include:
- Holborn
- Bank
- Trafalgar Square
- Leicester Square
- Oxford Street
Whether you’re looking for an office space among the retail giants on Oxford Street or a creative office rental in trendy Shoreditch, choosing the right location for your business to thrive requires research and local expertise.
Three things to look for in a rented office space in London
The three most important things to look for when renting an office in London are location, amenities and design:
1. Choose the best Location: Despite the rise in hybrid and home working, location is still a significant consideration when looking for serviced office space in London. Coveted locations in across the city are in high demand and can place companies in the centre of high footfall areas or in proximity to competitors. The commute and access to local amenities will also hugely influence talent attraction and retention.
2. Pick amenities to suit your business: Your business, needs, work culture and team size, will help determine the types of amenities needed in an office space. You may need to rent a private office with meeting rooms, or have breakout areas, specialised technology and a café-style working atmosphere. Equally, if you are a start-up, you will only need a small office space to rent, as opposed to larger corporations. Whatever you are looking for, there is an office to rent in London that can cater to your business.
3. Design and environment: The setup of a rented office can hugely impact how you work and interact with your team. Finding a space that compliments your company culture and pace is a great way to feel more at home in the office and promote productivity among the team.
How do I find office space to rent in London?
If you are looking for the ideal location for your business and need help deciding which type of office space will suit you, consult our London offices listings and speak to one of our local experts.
Instant Offices have a wide variety of office spaces to rent available across London, from locations in the bustling Square Mile area to offices to rent in surrounding zones where you will find thriving communities of businesses centred around serviced office spaces.
Why choose a serviced office in London?
Five of the main benefits that serviced offices provide include:
1. Fixed monthly costs: When you rent a serviced office, the operator will provide you upfront with a fixed monthly fee according to the facilities you require for your business. This means that there is no unwanted surprises when it comes to paying for office space, and that you can pay for exactly what you need.
2. Flexible leases: Rented serviced offices can be leased on a flexible basis, which allows businesses to easily adapt their workspace requirements when necessary.
3. Bespoke facilities: Most serviced offices come with the option of brand specific design in your office space, so that your team can give their workspace a personal stamp without the cumbersome requirements that come with leasing a traditional office.
4. Hybrid working: When renting a serviced office, you only need to use as much space as is necessary each day. By opting for flexible workspaces, companies give their team the flexibility to work either at home or in the office as needed without incurring extra costs.
5. Become part of a community: Serviced offices in London are often located in buildings which are home to several businesses. By sharing an address with like-minded professionals across a range of industries, companies that work in serviced offices open opportunities for building meaningful relationships with other local businesses on a day-to-day basis.
Demand for flexible office space in London
London is and always has been the epicentre of business in the UK. A competitive city with a thriving economy and a diverse, talented labour force, the capital is a coveted location for businesses of all sizes and home to some of the world's most influential brands.
Last year, 205,953 new businesses were registered in London, an increase of 35% on the year before and the highest number of companies registered than anywhere else in the UK. This entrepreneurial surge has also seen demand for office space in the capital increase.
Online searches for 'serviced office in London' are up +155% since the start of 2022, and searches for 'office rental London' are up +61%.
How many flexible workspaces are opening in London?
A recent Instant Offices forecast predicts that over the next four years, the number of flexible office spaces in London will grow by an average of 12% every year, increasing to almost 67 million square feet of the market by 2026. This is a staggering growth over a relatively short period: in just eight years, the flexible office market in London will have grown by 132%.
London's expanding and influential flexible office market can be seen as an indicator of things to come in the future of global commercial space. For many businesses, the critical lesson of the pandemic was that the traditional five-days-a-week, long-term lease office model is no longer the best solution for employers or employees.
The growth of flexible, serviced offices is a natural consequence of this change in thinking around the workspace. As London's offices turn towards flexibility, the whole commercial property landscape is likely to change with them. The next few years promise to be an exciting, progressive time in the capital's business centres.