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London Area GuideOffice Space in Paddington to Rent
Area Overview
Paddington, similar to other northern West End business districts has seen its development emanate from access to a rail station. Paddington was a formerly largely residential area that has in recent decades seen the growth of its business districts and attraction for commercial occupiers increase.
Bordered by Hyde Park to the south and Edgware Road to the east, this area has become a hub for students, office workers and the late-night economy alike. Connection to the new Crossrail line will further boost access to this part of London.
What to do and see
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St Mary’s Hospital Paddington hosts the Alexander Fleming Laboratory Museum
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The famous Paddington Bear statue can be seen at Paddington Station
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The Rolling Bridge and Fan Bridge can both be found at Paddington Basin
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London’s famous Hyde Park is a ten minute walk from Paddington Station
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Paddle board or relax at Paddington Basin at the end of the Grand Union Canal
The Workforce
Over the last twenty years, Paddington has witnessed significant development, with over 2.5 million sq ft of commercial space having been constructed.
The Paddington area has been transformed and is home to many company headquarters. Paddington Station is a major transport hub with over 70 million passengers per year. The station enables workers from outside the capital to gain speedy access to this area of London.
Transport
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Hammersmith and City Line, Bakerloo Line, ,District Line, Circle Line, Jubilee and Metropolitan Line
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Paddington Station
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1 New Elizabeth line station
Employment & Industries
Growth Sectors (GVA) 2015-2019
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Financial & Insurance
- up by 58% -
Information & Communication
- up by 53% -
Government
- up by 21%
The Office Market
The West End is the 2nd largest office market in the UK after the City of London. The type of office stock for tenants ranges from the historic townhouses of Mayfair and St James’s through to the larger and recently developed spaces in King’s Cross or Paddington.
Office rents can also vary, commanding the highest level in the country for an office through to more economical prices in the more fringe locations.
Business Districts
- Paddington Basin
- Merchant Square
- Eastbourne Terrace
- Lancaster Gate
- Bayswater
- Westbourne Grove
- Westway
- Warwick Avenue
Major Employers
Largest deals in 2021-22
| Company | Sector | Building | Size (sq ft) |
|---|---|---|---|
| CAPITAL GROUP | FINANCIAL | 31 LONDON STREET | 226,858 |
| PAYMENTSENSE | FINANCIAL | 31 LONDON STREET | 76,200 |
| FUTURE PUBLISHING | MEDIA | 121-141 WESTBOURNE TERRACE | 44,069 |
| KINGFISHER PLC | CORPORATE | 31 LONDON STREET | 25,220 |
| DS SMITH | CORPORATE | 31 LONDON STREET | 25,220 |
Mid sized deals in 2021-22
| Company | Sector | Building | Size (sq ft) |
|---|---|---|---|
| ST JAMES'S PLACE WEALTH MANAGEMENT GROUP | FINANCIAL | 50 EASTBOURNE TERRACE | 9,885 |
| PEARLFISHER | MEDIA | 71, MOSCOW ROAD | 7,100 |
| ORCA | TECHNOLOGY | 30 EASTBOURNE TERRACE | 6,177 |
| CCSCK UK LTD | PROFESSIONAL | 20 EASTBOURNE TERRACE | 5,877 |
| V-NOVA LIMITED | TECHNOLOGY | 20 EASTBOURNE TERRACE | 5,861 |
Prime Office Rents In Paddington
| PRIME RENTS PSF | GRADE A AVG | GRADE B AVG |
|---|---|---|
| PADDINGTON | £80,00 | £52.50 |
Flexible Office Rents In Paddington
| SERVICED OFFICE - £ PER DESK, PER MONTH | GRADE A AVG | GRADE B AVG |
|---|---|---|
| PADDINGTON | £800 | £600 |
| MANAGED OFFICE - £ PER MONTH RATE | GRADE A AVG | GRADE B AVG |
|---|---|---|
| PADDINGTON | £160 | £125 |
Office Space in Paddington to Rent Offices
25% Further Reduction
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Serviced Office
Eastbourne Terrace, Paddington, West End, London, W2
Price from £750 per workstation/month
In the heart of a regeneration project the size of Soho, bordered by Hyde Park...
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25% Further Reduction
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Serviced Office
Gloucester Place, Marylebone, West End, London W1
Price from £1,000 per workstation/month
21 Gloucester Place is a Grade II Listed, Georgian property situated in the heart of...
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Frequently Asked Questions
The costs of office space in Paddington depend on how big the office is.
A 4-person office within 4km of Paddington costs between £300 and £9600 PCM.
A 20-person office within 4km of Paddington costs between £3170 and £30,120 PCM.
London Paddington station is open 24 hours a day, seven days a week so tenants with access to serviced offices in Paddington have some of the best transport links in London.
The main draw for businesses who work in Paddington is its direct line to Heathrow Airport and the opportunities this gives for national and international travel.
A highly sought-after location for serviced offices, Paddington is popular with US-based companies due to the convenience of the Heathrow Express service which operates from the mainline station.
The area is home to businesses as varied as pharmaceutical company AstraZeneca, insurance firm Prudential, and telecommunications company Vodafone.
Paddington Station is on the Circle Line, the District Line and the Bakerloo Line. It is located in Zone 1.
There is also another station which is on the Hammersmith & City Line and the Circle Line. Despite being shown on maps as a singular station, they are separate.
The Congestion Charge Zone in London spans from approximately Vauxhall to Kings Cross and from Whitechapel to Paddington. Paddington itself is not within the Congestion Charge Zone, though it is close to the zone border.
As with any city, there are crimes that occur within London, and therefore in Paddington.
Despite this, it is a great location for families, and it contains lots of restaurants for social events within the office and lunches with clients. It is also home to one of the most important high-security police stations in the UK, Paddington Green Police Station.
For those interested in medicine or history, the laboratory of Sir Alexander Fleming in St. Mary’s Hospital is available for you to visit, and is the location where penicillin was first discovered in 1928.
There is a range of famous marks to find, such as the Paddington Bear Statue in the station and the Paddington installations along the canal.
If you want to try out the canal boats available, you can hire a boat from Little Venice to Camden.
With numerous places to eat and drink, there is something for everyone in Paddington.
Beany Green is an Australian-inspired cafe serving a range of smoothies, juices and coffees, as well as lunches.
Massis is a Lebanese restaurant open 7 days a week and offers healthy dishes for customers.
For a variety of international foods, The Gourmet Bar offers all three meals and begins serving breakfast to go at 7am.
Satay House is a Malaysian restaurant that is open 7 days a week and all the food they serve is halal.
