Knowledge

London Area GuideOffice Space in Bank to Rent

Area Overview

The City of London is the historical trade centre for the Capital and at its core is the global business district with hundreds of years of history.

The ‘Square Mile’ as it is colloquially known, is home to the UK’s financial services sector, which contributes a significant portion of UK tax revenue. In recent years, the occupier base has diversified and welcomed many more traditional and emerging industries.

The City of London competes with Manhattan in vying to be the world’s largest financial centre.

What to do and see

  • retail

    Visit Leadenhall Market, one of the oldest markets in London

  • museum

    A number of museums are located around the City including the recent Mithraeum museum charting London’s Roman history

  • education

    Various educational institutions, such as the Guildhall School of Music and Drama, and The Business School

  • monument

    The Monument to the Great Fire of London can be seen in the City of London

  • skyscraper

    Take in the views from the many skyscrapers viewing decks open to the public

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

  • transport-overground

    Circle Line, Metropolitan Line, Central & District Line, Hammersmith Line, Northern Line, Waterloo & City Line

  • transport-underground

    Blackfriars, Cannon Street, Fenchurch Street, Liverpool Street, Moorgate, City Thameslink

  • transport-crossrail

    3 new Elizabeth Line stations

  • transport-airplane

    London City Airport, Standard Express

  • river-stops

    2 river boat stops

Employment & Industries

transport-crossrail transport-crossrail

Growth Sectors (GVA) 2015-2019

  • economy-architect

    Architect/Engineering
    - up by 123%

  • economy-health

    Health
    - up by 91%

  • economy-energy

    Energy
    - up by 74%

The Office Market

The City office market is one of the world’s leading business districts, and the largest in the UK and where a wide range of firms are headquartered.

The City has grown in terms of geography and height over the past few decades, with a cluster of tall buildings emerging. Traditional locations associated with specific industries are slowly being broken down as tenants become agnostic towards the location and building type.

Business Districts

  • Cannon Street
  • Bank
  • Mansion House
  • Bishopsgate
  • Moorgate
  • London Wall
  • St Paul’s
  • Finsbury Square
  • Monument

Largest deals in 2020-21

Company Sector Building Size (sq ft)
Linklaters Legal 20 Ropemaker Street 310,000
1 Leadenhall Legal Latham + Watkins 248,000
AXA XL Insurance 20 Gracechurch Street 155,822
Baker McKenzie Legal 280 Bishopsgate 152,690
T.Rowe Price Financial 5 Paternoster Square 130,000

Mid sized deals in 2020-21

Company Sector Building Size (sq ft)
Phoenix Group Financial 20 Old Baile 12,727
ERM Professional Exchequer Court, 33 St Mary Axe 24,201
Tide Banking Financial 1 Appold Street 22,964
Britannia Financial Group Financial 52-54 Lime St 22,719
Knotel Serviced Offices 16 Old Bailey 21,108

Prime Office rents

PRIME RENTS PSF GRADE A GRADE B
CITY CORE £68.50 £50.00

Flexible Office rents

FLEXIBLE OFFICE £ PDPM GRADE A
CITY CORE £450-£1,000

Office Space in Bank to Rent Offices

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Serviced Office

Bishopsgate, London, EC2N

Price from £750 per workstation/month

An Award Winning, newly built skyscraper that has been designed by world renowned architects Kohn Pedersen...
24/7 Security Monitoring

24/7 Security Monitoring

Showers

Showers

Bicycle Storage

Bicycle Storage

25% Further Reduction

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Serviced Office

King William Street, Bank, London, EC4N

Price from £805 per workstation/month

This exceptional new development on King William Street is located in the very heart of...
Showers

Showers

Lounges

Lounges

Terrace

Terrace