The COVID-19 pandemic is causing businesses across the country and globally to reassess their real estate and workplace strategy. To help you find an office space that fits your budget, we have listed below the most affordable areas for serviced office space in London, as well as a few of our favourite spaces that are available at the moment.
The most affordable areas for Serviced Office Space in London
- Stratford (£350 – £500 per workstation/month)
- Hackney/London Fields (£300 – £400 per workstation/month)
- Camden (£400 – £500 per workstation/month)
- Canary Wharf & Quays (£500 – £650 per workstation/month)
- Clerkenwell/Farringdon (£450 – £650 per workstation/month)
- Old Street/Shoreditch (£450 – £600 per workstation/month)
*Data as of Q1 2021. Serviced office rates are full inclusive.
Do you know the current office rents across central London? Our Office Market Rent Map for Q1 2021 presents serviced office rents, current rental values for Grade A and Grade B leasehold space, and movements since the previous quarter. Download here.
Affordable Office Space to rent in London
From £559 per desk/month
This modern building benefits from an abundance of natural light and distinct warehouse-style features and offers furnished office space, meeting rooms, and a professionally staffed reception to give your guests a warm welcome throughout the day. Tenants can make use of the internal communal courtyard as well as bike and shower facilities.
Getting here: This space is ideally located within walking distance of Goodge Street Underground station and Tottenham Court Road Station.
From £675 per desk/month
This period building in the West End’s commercial heart is located on one of London’s most famous shopping streets. The traditional façade of the building fronts a modern refurbished office space that benefits from kitchen and dining spaces on each floor and communal breakout areas, and smart meeting rooms.
Getting here: This space is just a short walk away from Piccadilly Circus and Oxford Circus Stations, offering access to the Central, Victoria, Bakerloo, and Piccadilly lines.
From £675 per desk/month
This stunning office space in the heart of the City has room for more than 500 members over four floors. The space was built to the highest technical standards and offers 24/7 access, bicycle parking, high-speed internet and exclusive events and workshops. Tenants can make use of the chill-out & gaming zone in the space.
Getting here: Blackfriars Station is just a five-minute walk from the space and offers access to the Circle and District lines. St Paul’s and Farringdon Stations are also within walking distance of the building.
From £400 per desk/month
Located just off Brick Lane, this managed space boasts an exclusive courtyard workspace with its own facilities. The space offers quiet focus areas, collaborative spaces, and larger suites for medium to large businesses. Amenities of the space include phone booths, meeting rooms, event space, bicycle storage, shower facilities, and changing rooms.
Getting here: The space is a short walk away from underground stations such as Liverpool Street, Aldgate, Shoreditch High Street, and Whitechapel, which provide a range of transport links.
From £550 per desk/month
This space offers private floors, fixed desks as well as hot-desking memberships. Membership benefits include super-fast shared Wi-Fi, complimentary fresh ground coffee, a cycle park and showers, free use of meeting rooms as well as fantastic informal breakout areas on each floor. The building itself is flooded with natural light and offers a clean and attractive modern design.
Getting here: Located in the City and under an 8-minute walk from Bank, Monument, and Liverpool station, this location is ideal for city commuters.
From £625 per desk/month
Set over four floors of impressive interior design, this building includes four extensive roof gardens and an atrium with ten glass lifts. Facilities include an on-site cafe and gym, comfortable break-out areas, and elegant meeting rooms suitable for meetings, interviews, and even special events.
Getting here: This City location is less than a 3-minute walk from Monument station for access to the Circle and District lines and only 5-minutes from Cannon Street Station.
From £415 per desk/month
Situated in Whitechapel, this building, set across six floors, boasts high ceilings, wooden flooring, and an abundance of natural light. Fully furnished workspaces in the premises include fixed desks, coworking space, customisable private offices, and self-contained floors. This space benefits from multiple break-out areas, meeting rooms, dedicated kitchens, and 24-hour access.
Getting here: The office space is a short walk away from Aldgate East and Aldgate Stations, which provide access to the District, Circle, Metropolitan, and Hammersmith & City lines.
From £530 per desk/month
This flexible office building offers individual office space and co-working, drop-in space, meeting rooms, event space, and conference rooms. Angel Square is ideally situated on Upper Street, benefitting from the area’s broad selection of restaurants, bars, and eateries. Amenities of the space include kitchen space, phone booths, shower facilities, and bicycle storage.
Getting here: The building entrance is on Upper Street. which is right next to Angel Tube Station, providing access to the Northern Line.
From £500 per desk/month
This stunning building in East London offers a range of workspaces, including flexible offices, coworking space, meeting rooms, event space, study carriages, and stand-up desks. The building benefits from a roof garden which is perfect for tenants to relax or host events. Additional amenities of the space include a fully equipped gym, cafe, phone booths, bike storage, and shower facilities.
Getting here: The office is located in the middle of Aldgate Tube Station (Circle and District Line) and Aldgate East Tube Station (Hammersmith and City) and is no more than 50m from each tube station.
From £650 per desk/month
These offices are based in one of the most iconic structures dominating London’s Skyline and are in the second tallest building in the UK which means views across London will be impeccable. The modern offices and meeting rooms are fitted with modern decor that provides a contemporary professional image. Other fantastic amenities at this property include an on-site cafe, breakout areas, meeting rooms, and a gym.
Getting here: The office is just a few minutes’ walk from Canary Wharf station, providing access to the Jubilee line and DLR network. Heron Quays and West India Quay stations are also within walking distance of the space.
DeVono Cresa’s ‘Commercial Real Estate Roadmap’ is a handbook to help all businesses devise their future commercial real estate strategy, both during, and post the COVID-19 pandemic. Read here.
Why choose flexible office space?
The monthly spend on a flexible office can seem much higher than that of a leasehold space. However, serviced office contracts include various provisions and amenities, some of which are not often contained in conventional leases.
When the complete package and ancillary costs are calculated and factored in, flexible office space is a very cost-effective option for corporate occupiers. Additional financial incentives include small deposits, no dilapidations, and little, if any, capital expenditure.
The all-inclusive monthly pricing model provides agility for those unsure of headcount movement, without the need for costly long-term supplier contracts or facilities management.
Looking for affordable office space in London? Let us help.
Our team of flexible specialists has over 30-years of experience and will guide you every step of the way, de-coding, simplifying, and adding value to the process through rich spatial and financial analysis.
As industry-leading experts, we guide you from your initial office space search to negotiating optimal financial packages that deliver a space that maximises productivity and minimises financial risk.
Start your search – get in touch with the DeVono Cresa team today on +44 (0)20 7096 9911 or email us at firstname.lastname@example.orgShare: