The gateway to London from the West and commonly considered to be one of the prime areas of Central London in which to establish a presence, the Paddington and Marble Arch areas used to play second fiddle to their nearby sister, Mayfair. No longer simply a place to shop and eat or a springboard to anywhere outside London, this area is quickly becoming an essential part of the commercial fabric of London. From scenic views of Hyde Park to sculptured serviced offices in Paddington and Marble Arch, these are the ‘hot’ areas that many companies of all sizes have top of their wish list when they come to set up office in the sprawling metropolis.
Marble Arch has traditionally been the cheaper alternative to Mayfair for companies looking for serviced offices with more challenging budgets. This is no way compromises the standard of serviced office space in the area. Marble Arch and Paddington arguably offer businesses a greater choice of top-notch serviced office space than many other central areas of London. The core benefit to wanting to work and play here is, of course, the area’s excellent transport networks which serve the needs of staff and contacts wishing to reach the area by car, bus, tube or train. Its infrastructure has been instrumental in the relocation of a significant number of household names to the area, including Marks and Spencer, Monsoon, Rio Tinto, Orange, Visa and, indeed, our very own Instant Offices. Paddington no longer attracts exclusively transportation companies; it is quickly and efficiently becoming a hub within London itself that serves as a magnet to businesses across the spectrum.
Marble Arch and Paddington offer some of the most diverse serviced office space in Central London, playing host to flexible office space from a basic three star shell office to a premium class five star office overlooking Hyde Park, and all shades in between. This gives the customer the opportunity to hunt around and fish for an office that best suits their individual style, as well as their size and budget requirements. Rates per workstation per month swing from £400 to £1,000, depending on businesses’ requirements and preferences.
Usually an area of London which is abundant in available serviced office space, both Paddington and Marble Arch are currently going through somewhat of a Renaissance in terms of occupancy levels. Many companies are attracted to the area on the basis of its excellent infrastructure and its cost level compared to the rest of W1. Now that these locations are running on a higher level of occupancy, operators are beginning to charge more for office space. While this recent increase may make it a more expensive area than many parts of London, businesses are still getting a lot more space for cost. It is this great ‘bang for your buck’ combined with the abundance of high-quality serviced office space, beautiful surroundings, ease-of-access to the rest of London and beyond to the rest of the country, that make the Paddington and Marble Arch areas very much the place to be!