The office market around Oxford Circus is thriving - there is a lot of availability in terms of office space as well as a lot of demand. Leading retailers and businesses look to set up around Oxford Circus because of its prestigious address and high volume of foot-traffic. There are also new centres opening up constantly in the areas converging around the junction.
There are a number of shared space options available around Oxford Circus, especially prominent in Soho. However, flexible serviced private suites still dominate in the area and start from around £600 per person per month. Prices vary depending on office size and requirements of the business, but it is worth keeping in mind that these types of spaces include a variety of amenities and services.
Shared office space, or co-working space, is becoming increasingly popular in this area among both big and small businesses. The average size of these lofts vary greatly from 50 – 2,000 sq ft. Small private and large corporate offices are also available in the area, meaning that it is able to accommodate most inquiries, ranging from one desk to 100 or more.
Why choose Oxford Circus?
Oxford Circus is the perfect choice for businesses in the retail and creative industries. While it is not the cheapest location in London, its prestigious address means that you will be rubbing shoulders with some of the biggest names in the industry. The massive amount of foot traffic from both locals and tourists around the junction is also extremely beneficial for those in the retail and service sectors, as they see thousands of people come through their doors every week.
Because of Soho’s reputation as a creative hub, your business will also be surrounded with like-minded companies with which you can network and work.