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Bank Office Space: Area Overview

The City of London is the historical trade centre for the Capital and at its core is the global business district with hundreds of years of history.

The ‘Square Mile’ as it is colloquially known, is home to the UK’s financial services sector, which contributes a significant portion of UK tax revenue. In recent years, the occupier base has diversified and welcomed many more traditional and emerging industries.

The City of London competes with Manhattan in vying to be the world’s largest financial centre.

What to do and see

  • retail

    Visit Leadenhall Market, one of the oldest markets in London

  • museum

    A number of museums are located around the City including the recent Mithraeum museum charting London’s Roman history

  • education

    Various educational institutions, such as the Guildhall School of Music and Drama, and The Business School

  • monument

    The Monument to the Great Fire of London can be seen in the City of London

  • skyscraper

    Take in the views from the many skyscrapers viewing decks open to the public

Bank, London Office Market

The City of London is a major global business and financial centre, with the Bank of England headquartered in the area.

Around 75 per cent of jobs in the City of London are in the professional and financial services sectors. The legal sector is also heavily represented in the area. In 2020, 72 per cent of City workers were employed in high-skilled jobs.

As recently as 2017, the City of London was estimated to provide almost 10 per cent of UK gross domestic product.

Connections and links to your office space in Bank

  • transport-overground

    Circle Line, Metropolitan Line, Central & District Line, Hammersmith Line, Northern Line, Waterloo & City Line

  • transport-underground

    Blackfriars, Cannon Street, Fenchurch Street, Liverpool Street, Moorgate, City Thameslink

  • transport-crossrail

    3 new Elizabeth Line stations

  • transport-airplane

    London City Airport, Standard Express

  • river-stops

    2 river boat stops

Bank, London Offices: Things To Do and See

Leadenhall Market and One New Change are just some of the various shopping locations within the City

Cultural and historical sites such as Tower Bridge and St Paul’s Cathedral are located in the City.

The City is home to numerous universities and educational institutions such as the University of London, Coventry University and Newcastle University.

The City has the largest concentration of law firms in London and the UK.

Leave your serviced offices in Central London and walk straight into one of the many of London’s oldest pubs.

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Serviced Office Space to Rent in Bank, London

For serviced offices, City of London locations welcomes a diverse range of workers. The City of London's workforce is the youngest in the UK, with over 60 per cent of workers in the area aged between 22 and 39. The area has around 513,000 daily commuters, despite the City of London only being just 1.12 square miles.

Although primarily known for the financial industry, the City of London is also home to many of the world’s largest law firms and boasts a thriving insurance sector. It’s safe to say that when it comes to office space, City of London locations is a busy but thriving place to be.

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Office Space to Rent Near Bank, London

There is an array of office space to rent in London locations near to Bank London. Check out our other area guides to see what office spaces are available.

Prime Office rents

PRIME RENTS PSF GRADE A GRADE B
CITY CORE £68.50 £50.00

Flexible Office rents

FLEXIBLE OFFICE £ PDPM GRADE A
CITY CORE £450-£1,000

Largest deals in 2020-21

Company Sector Building Size (sq ft)
Linklaters Legal 20 Ropemaker Street 310,000
1 Leadenhall Legal Latham + Watkins 248,000
AXA XL Insurance 20 Gracechurch Street 155,822
Baker McKenzie Legal 280 Bishopsgate 152,690
T.Rowe Price Financial 5 Paternoster Square 130,000

Mid sized deals in 2020-21

Company Sector Building Size (sq ft)
Phoenix Group Financial 20 Old Baile 12,727
ERM Professional Exchequer Court, 33 St Mary Axe 24,201
Tide Banking Financial 1 Appold Street 22,964
Britannia Financial Group Financial 52-54 Lime St 22,719
Knotel Serviced Offices 16 Old Bailey 21,108

Employment & Industries

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Growth Sectors (GVA) 2015-2019

  • economy-architect

    Architect/Engineering
    - up by 123%

  • economy-health

    Health
    - up by 91%

  • economy-energy

    Energy
    - up by 74%

Frequently Asked Questions

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