Knowledge

London Area GuideOffice Space in the City Of London to Rent

Area Overview

The City of London is the largest business district in London. Often referred to as the ‘Square Mile,’ the City of London is a historic hub for trade and commerce, widely recognised as the world’s preeminent financial centre.

Many of London’s most famous skyscrapers, including ‘The Gherkin’ and ‘The Cheesegrater’, are situated here. Not widely known for its residential provision, the area is projected to have a population of 10,066 by 2050.

What 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 University of London, Coventry University and Newcastle University to name a few
The City has the largest concentration of law firms in London and the UK.
The City is home to many of London’s oldest pubs

The Workforce

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.

Transport

Circle Line, Central Line, Northern Line, Waterloo & City, Hammersmith & City Line, Metropolitan Line, District Line
Six national rail stations
One river stop
3 new Elizabeth Line Station

Employment & Industries

Growth Sectors (GVA) 2015-2019

Architect/Engineering
- up by 123%
Health
- up by 91%
Energy
- up by 74%

The Office Market

The City office market is one 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.

Business Districts

City Core – Bank, Liverpool Street
City North – Old Street, Shoreditch
City East – Aldgate, St Katharine Dock
City West – Farringdon, Clerkenwell, St Pauls

Major Employers

Largest deals in 2020-21

Company	Sector	Building	Size (sq ft)
Linklaters	Legal	20 Ropemaker Street	310,000
Latham & Watkins	Legal	1 Leadenhall	246,000
AXA XL	Insurance	20 Gracechurch Street	155,822
Baker McKenzie	Legal	280 Bishopsgate	152,690
T.Rowe Price	Finance	5 Paternoster Square	130,000

Mid sized deals in 2020-21

Company	Sector	Building	Size (sq ft)
Hewlett Packard	Technology	70 St Mary Axe	8,580
DL Insurance Services	Insurance	1 Minster Ct	8,134
SWIFT	Technology	The Corn Exchange	8,089
Ocorian (UK) Limited	Financial	20 Fenchurch Street	7,987
Zinc Media Group	Media	17 Dominion Street	7,921