Find your perfect office space to rent in City of London

Search for Office Space to Rent

City of London Office Space: Area Overview

The City of London refers to the largest business district in London. While the name itself immediately evokes a sense of business, prosperity and exclusivity, there’s more to this prominent area of commerce than meets the eye.

While it is often referred to as the ‘Square Mile,’ the City of London is a historic hub for trade and commerce. In the City of London, offices within the area are widely recognised as being situated within the world’s most preeminent financial centre.

What to do and see

  • retail

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

  • museum

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

  • education

    The City is home to numerous universities and educational institutions such as University of London, Coventry University and Newcastle University to name a few

  • court-of-law

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

  • pubs

    The City is home to many of London’s oldest pubs

City of London Office Market

An office in Central London is less of a move and more of an investment in your company. For office space, City of London markets are some of the world’s leading and largest business districts in the UK, and is HQ to a wide range of firms.

The City has grown both in terms of geography and height over the past few decades, with a cluster of tall buildings emerging in the core of the City. Traditional locations associated with specific industries are slowly being broken down as tenants become location and building agnostic.

Connections and links to your office space in City of London

  • transport-overground

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

  • transport-underground

    Six national rail stations

  • river-stops

    One river stop

  • transport-crossrail

    3 new Elizabeth Line Station

City of 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.

things-to-do
service-office-links

Serviced Office Space to Rent in City of 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.

office-space-near

Office Space to Rent Near City of London

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

Prime Office rents

PRIME RENTS PSF GRADE A AVG GRADE B AVG
CITY CORE £72.50 £52.50
CITY WEST £87.50 £65.00
CITY NORTH £75.00 £57.50
CITY EAST £57.50 £42.50

Flexible Office rents

SERVICED OFFICE - £ PER DESK, PER MONTH GRADE A AVG GRADE B AVG
CITY CORE £975 £475
CITY WEST £850 £550
CITY NORTH £850 £400
CITY EAST £600 £425
MANAGED OFFICE - £ PER MONTH RATE GRADE A AVG GRADE B AVG
CITY CORE £195 £145
CITY WEST £165 £80
CITY NORTH £200 £120
CITY EAST £140 £100

Largest deals in 2021-22

Company Sector Building Size (sq ft)
CLIFFORD CHANCE LLP LEGAL 2 ALDERMANBURY SQUARE 327,707
ALLEN & OVERY LEGAL 1-2 BROADGATE 254,000
LATHAM & WATKINS LEGAL 1 LEADENHALL STREET 246,000
KIRKLAND & ELLIS LEGAL 40 LEADENHALL STREET 218,581
JLL PROFESSIONAL 1-2 BROADGATE 132,000

Mid sized deals in 2021-22

Company Sector Building Size (sq ft)
WILSON WRIGHT PROFESSIONAL 5 FLEET PLACE 8,626
FLEX TRADE UK LTD TECHNOLOGY 88 LEADENHALL STREET 8,368
LBBW FINANCIAL 100 LIVERPOOL STREET 8,331
THEATREDELI OTHER 107 LEADENHALL STREET 8,229
WREN STERLING FINANCIAL 2 GRESHAM STREET 8,181

Employment & Industries

transport-crossrail transport-crossrail

Growth Sectors (GVA) 2015-2019

  • economy-architect

    Architect/Engineering
    - up by 123%

  • health

    Health
    - up by 91%

  • economy-energy

    Energy
    - up by 74%

Frequently Asked Questions

A 4-person office within London costs between £1,200 and £5,440 to rent PCM. A 20-person office within London costs between £6,000 and £22,680 to rent PCM. Flexible office space costs vary depending on size, quality and location. Prices range from £400 - £1,110 per desk, per month, with the best-in-class offices commanding a higher price.

To provide an environment where people feel comfortable and motivated an office space should allow for 50 square feet per desk and 50 square feet per person in communal areas.

A flexible office solution (also known as a flexible office space) is an efficient option for businesses whose team numbers change frequently since the office space can be scaled appropriately. Additionally, this freedom to scale up and scale down is further allowed because businesses are not tied into any lengthy rental agreements.

Devono (office space and commercial property consultants) can provide businesses with serviced, flexible workspaces, which are fully furnished with IT and telecoms infrastructure. Personalisation of office spaces is allowed so that businesses can reflect their brand and business values.

Flexible, serviced office spaces are ideal for businesses looking for cost-effective office solutions that can facilitate fast-paced working environments with rapidly expanding numbers. They are also ideal for businesses that need the freedom to relocate since flexible office spaces can be rented on a short-term basis.

There are many reasons to look at renting office space in the City of LondonThe benefits of renting a flexible workspace include:

  • Scalability
  • Bespoke office solutions
  • Short-term rental options
  • Short-term rental options
  • A single monthly fee
  • Ability to personalise office space to suit the business brand
  • Support offered by a dedicated team member