Knowledge

London Area GuideOffice Space in Shoreditch to Rent

Area Overview

‘Quirky’, ‘cool’, and ‘young’ are words that are commonly associated with the Shoreditch and Old Street areas, as are ‘innovative’, ‘dynamic’, and ‘entrepreneurial’ with its growing business community. Home of the tech-start-up scene in London, the Shoreditch and Old Street areas have fast become a technology powerhouse, with businesses and government piling in the investment (and marketing) for the concept that is Tech City London that aims to rival California’s Silicon Valley.

This vibrant area of central London has developed a unique community that has nurtured businesses, visitors, and residents alike.

What to do and see

The Old Street and Shoreditch areas are well renowned for its independent food retailers and food stalls
Visit one of the smaller London museums such as the Honourable Artillery Company
A number of universities and higher education establishments are located in this area, such as University of Arts
Feast in some of the best restaurants and bars in London

The Workforce

The City of London is a major global business and financial centre, with the Bank of England headquartered in the area.

Around 75 per cent of jobs in the City of London are in the professional and financial services sectors. The legal sector is also heavily represented in the area. In 2020, 72 per cent of City workers were employed in high-skilled jobs.

As recently as 2017, the City of London was estimated to provide almost 10 per cent of UK gross domestic product.

Transport

Northern Line
Old Street Station, Shoreditch High Street Station
London City Airport

Employment & Industries

Growth Sectors (GVA) 2015-2019

Finance & Insurance
- up by 108%
Information & Communication
- up by 73%
Construction
- up by 69%

The Office Market

The City North office market encompasses one of the fastest-growing office areas since 2010, boosted by the growth in the technology sector that made this area its home. A well-established ecosystem of industries and businesses has spurred office development, which continues today. The attraction of this area has pushed rents to a high level but remains an attractive location for businesses of all sizes.

Business Districts

Old Street
Shoreditch
City Road
Goswell Road

Major Employers

Largest deals in 2020-21

Company	Sector	Building	Size (sq ft)
Transferwise	Tech	Tea Building	49,129
Leigh Day	Legal	27 Goswell Road	28,483
Little Dot Studios	Media	Trumans Brewery	23,500
-	-	18-29 Mora Street	16,070
Perkbox	Corporate	3-7 Herbal Hill	15,373

Mid sized deals in 2020-21

Company	Sector	Building	Size (sq ft)
Brilliant Basics	Media	The Bower, Old Street	11,331
Kinetic Worldwide	Media	80 Old Street	10,717
Conran & Partners	Professional	30a Great Sutton Street	8,615
Untold Studios	Media	White Collar Factory	6,100
Barilla Pasta	Corporate	90 Goswell Road	5,993