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’re delighted to have found a home at Seven Dials Warehouse and a commercial real estate framework that is fit-for-purpose, and one that gives us space to grow in the future. DeVono helped us realise our ambition of providing a sustainable and ‘appropriate’ home."
"With the myriad tools available to brokers, for me, the key ingredient to a successful partnership is how acutely our needs are heard and translated into action. The entire team at DeVono deciphered our ambitions with patience, pragmatism and good humour. Not only did they present options that answered the questions I had, they provided alternative directions informed by their local expertise, which, being based in the USA, was vital for me to be able to make solid, well-informed decisions. I would not hesitate to recommend."
"It was a pleasure working with DeVono - the team were very professional, knowledgeable and provided the right advice when needed. The most important aspect was that you took time to understand what we were after rather than position everything on the market. I would not hesitate recommending you and your firm."
"We really appreciated your help. We got the result we wanted at a speed we could never have achieved ourselves and we're very pleased that we engaged you."
"We were very satisfied with the service provided. You helped us find the perfect office to meet our needs and were prompt and effective in negotiating the deal on our behalf."
25% Further Reduction
Price from £550 per workstation/month
25% Further Reduction
Price from £700 per workstation/month