Office Space to Rent in London Bridge: A guide to basing your business on the Southern bank of the Thames
DeVono is the UK's leading occupier-only commercial real estate agency. We have access to all on and off-market property in the London Bridge area and throughout London. We offer serviced, furnished, leasehold, short and long-term office space, as well as individual desks and rooms.
The area known colloquially as London Bridge is loosely defined as the streets surrounding the Thames-spanning bridge itself. A location steeped in history, it’s also an area undergoing extensive development. Numerous new skyscraping buildings such as the Shard (see below), bring with them prime opportunities for businesses to snap up office space in an area that’s already highly desired as a location for offices, but that promises to skyrocket in terms of commercial growth.
At either end of the Bridge, you’ll find a tube station – Monument at the north end and London Bridge on the southern side of the river. Cannon Street and London Bridge rail stations are also nearby. The area houses several shopping centres, such as the famous Borough Market, which sells food from all corners of the globe.
The convenience of London Bridge’s transport infrastructure makes it appealing to businesses that need their offices to be easily accessible – especially if many or most of their employees are likely to commute from further afield. Borough Tube station provides access to the Northern line with both Elephant & Castle and London Bridge offering access to the Jubilee, Bakerloo and Waterloo & City lines. The area is also easily accessible by National rail service from either London Bridge or Waterloo station.
For those who wish to avoid the trains, bus services from Clapham, Shoreditch and Dulwich run throughout the day and there are several bike docking stations located nearby.
For years, the south bank of the Thames has been a rather poor neighbour to the high rise, high-end offices in the City. It has slowly changed with the addition of a variety of commercial, residential and leisure buildings that started sprouting up in Waterloo, and gradually spread eastwards. But as any cabbie will tell you, the fastest way from Victoria to the City is via London Bridge. Now though, there is change afoot on this part of the south bank. Residents of the capital have welcomed a new building – a skyline-dominating monolith, extending for more than 1,000 ft (310m). By the time it opened to the public in February 2013, London’s skyline had changed forever.
The Shard, or to give it its more prosaic address, 32 London Bridge Street, extends to more than 580,000 sq ft of top-quality office space and accommodates a 205-room hotel, a spa and several high-end residential units which command high prices.
The impact of a building this size in the city cannot be underestimated, especially in an area where tall buildings have not traditionally been located. Before it was built, it was estimated that the project would create up to 12,000 jobs to service the residential, hotel and commercial elements of the building, and it has certainly drawn more tourists to the already-popular London Bridge area (there is a viewing platform – The View From the Shard’ – situated on the 68th floor, which gives spectacular views of the capital).
There are a number of other serviced offices in London Bridge – or nearby – which are nearing completion, or have recently been completed. With these new developments, which include Harlequin Building, The Place, More London and Blue Fin Building, it is becoming obvious that London Bridge office space is fast becoming a viable alternative to the more established locations of the City and the West End. High-end offices in London Bridge have been rising steadily in price since the beginning of the millennium, and the best space in the Shard costs more than £60.00 per sq ft. This will compete with the City, but it is a significant discount on West End rents, for what may arguably be the best building in London. There are indeed a number of companies which have already given their seal of approval to the area and snapped up an office here including Norton Rose, PWC, Ernst & Young and IPC Media.
"We’ve worked with DeVono for several years through various stages of our evolution. We’ve had to meet the challenges of COVID-19 head on including adjusting our real estate strategy. To understand our options, and how best to progress we turned once again to DeVono. They were always there, ready to guide us to ensure we got the best outcome for the business."
"Our second time using DeVono and again I was very impressed with the team - friendly, efficient and extremely commercial and honest. They understood the brief and worked hard to deliver the right property for our needs. In what was an unfamiliar area to me, they provided guidance on key issues and negotiated very good terms, highly recommendable."
"We appointed DeVono because we knew they would care and take the trouble to understand our business, our objectives and help us deliver on our commitment to our clients and our people. The outcome of the process has been entirely positive and surpassed all of our expectations. We would always choose to work with DeVono."
"Having appointed DeVono in March 2016 to find our next high profile London office from 2018, we have not been disappointed with their high level of service and meticulous attention to detail from the very first day, through to signing the Agreement for Lease and beyond. They assured us during the tender process that they would be right by our side all the way through and not just appointed to “do the deal” and this is exactly what we received."
"DeVono did an excellent job for On Demand from beginning to end. You showed patience as our requirements changed and understood what we looking for at each stage of the process. I would be very happy to recommend your services to other clients and would single out the first class service provided by your relocation team for particular praise."