Knowledge

London Area GuideCovent Garden Office Space to Rent

Area Overview

Covent Garden is an area that nestles between the West End, Soho, Holborn, and Trafalgar Square and is largely known for its retail, hospitality, and entertainment – especially ‘Theatreland’. Covent Garden is also home to a prominent office occupier community that attracts both global and domestic firms.

Popular districts include Seven Dials, Drury Lane, and Neal's yard, as well as the street performers that entertain passers-by around the district. As one of London's most popular retail districts and entertainment hubs, the area attracts millions of tourists and locals every year.

What to do and see

Covent Garden Market and Seven Dials retail district
The National Gallery, London Transport Museum & London Film Museum are based in this area
13+ theatres in Covent Garden including Theatre Royal, London’s oldest theatre site in continuous use alongside the Royal Opera House
Visit the world-famous Leicester Square and Trafalgar Square – sit and watch the world go by

The Workforce

The diverse range of businesses that constitute the Covent Garden area makes for an even diverse workforce. From office workers to actors, bankers to retail staff, young and old, the workforce is one of the most dynamic in central London.

The central location and ease of access to various modes of transport means that it is attractive to both visitors and workers alike.

Transport

Bakerloo Line, Circle & District Line, Northern Line, Piccadilly Line
Charing Cross
1 new Crossrail station
2 river boat stops

Employment & Industries

Growth Sectors (GVA) 2015-2019

Financial & Insurance
- up by 129%
Information & Communication
- up by 39%
Education
- up by 13%

The Office Market

The Covent Garden office market attracts a wide range of businesses to its diverse office offerings. Due to the high value that buildings have in this location, the rental cost reflects this compared to those quoted in the neighbouring Midtown Core.

The regeneration of stock in areas such as Central St. Giles and Strand is expected to attract a new set of businesses.

Business Districts

Aldwych
Covent Garden
Central St Giles
Charing Cross
Embankment
Leicester Square
Strand
Trafalgar Square

Major Employers

Largest deals in 2020-21

Company	Sector	Building	Size (sq ft)
Hines	Financial	Grain House, Drury Lane	35,737
MSQ Partners	Media	MSQ Partners	20,315
Forrester Research	Professional	61 Aldwych	17,675
Confidential	Confidential	110 Long Acre	16,974
Autodesk	Technology	6 Agar Street	12,826

Mid sized deals in 2020-21

Company	Sector	Building	Size (sq ft)
Temporis Capital	Financial	15-16 Buckingham Street	3,806
Alta Trading	Corporate	Corporate	3,785
River Partnership London	Financial	15 Adam Street	3,772
Schlesinger Group	Professional	7-9 Kingsway	3,763
St Lukes Hospice	Charity	9 Kingsway	3,750