Find your perfect office space to rent in City of London
Available office spaces to rent in City of London
Cornhill
Bank Station
1 mins
Cannon Street
5 mins
Monument
5 mins
Up to 15 People
from £4,760 PCM
Watling Street
Mansion House
3 mins
Bank Station
5 mins
Cannon Street
5 mins
Up to 8 people
from £4,800 PCM
King Street
Bank Station
2 mins
Cannon Street
5 mins
Monument
5 mins
Up to 21 People
from £1,400 PCM
City of London Office Space: Area Overview
The City of London refers to the largest business district in London. While the name itself immediately evokes a sense of business, prosperity and exclusivity, there’s more to this prominent area of commerce than meets the eye.
While it is often referred to as the ‘Square Mile,’ the City of London is a historic hub for trade and commerce. In the City of London, offices within the area are widely recognised as being situated within the world’s most preeminent financial centre.
What to do and see in City of London
Leadenhall Market, and One New Change are just some of the various shopping locations within the City.
Cultural and historical sites such as Tower Bridge and St Paul’s Cathedral are located in the City.
The City has the largest concentration of law firms in London and the UK.
The City is home to numerous universities and educational institutions such as University of London, Coventry University and Newcastle University to name a few
City of London Office Market
An office in Central London is less of a move and more of an investment in your company. For office space, City of London markets are some of the world’s leading and largest business districts in the UK, and is HQ to a wide range of firms.
The City has grown both in terms of geography and height over the past few decades, with a cluster of tall buildings emerging in the core of the City. Traditional locations associated with specific industries are slowly being broken down as tenants become location and building agnostic.
Connections and links to your office space in City of London
Circle Line, Central Line, Northern Line, Waterloo & City, Hammersmith & City Line, Metropolitan Line, District Line
Six national rail stations
City of London Offices: Things To Do and See
Leadenhall Market and One New Change are just some of the various shopping locations within the City
Cultural and historical sites such as Tower Bridge and St Paul’s Cathedral are located in the City.
The City is home to numerous universities and educational institutions such as the University of London, Coventry University and Newcastle University
The City has the largest concentration of law firms in London and the UK.
Leave your serviced offices in Central London and walk straight into one of the many of London’s oldest pubs.
Serviced Office Space to Rent in City of London
For serviced offices, City of London locations welcomes a diverse range of workers. The City of London’s workforce is the youngest in the UK, with over 60 per cent of workers in the area aged between 22 and 39. The area has around 513,000 daily commuters, despite the City of London only being just 1.12 square miles.
Although primarily known for the financial industry, the City of London is also home to many of the world’s largest law firms and boasts a thriving insurance sector. It’s safe to say that when it comes to office space, City of London locations is a busy but thriving place to be.
Serviced Office Space to Rent near City of London
There is an array of office space to rent in London locations near to City of London. Check out our other area guides to see what office spaces are available.
Prime Office Rents In City of London
| PRIME RENTS PSF | GRADE A AVG | GRADE B AVG |
|---|---|---|
| CITY CORE | £77.50 | £52.50 |
| CITY WEST | £87.50 | £65.00 |
| CITY NORTH | £75.00 | £57.50 |
| CITY EAST | £57.50 | £42.50 |
Flexible Office rents in City of London
| SERVICED OFFICE – £ PER DESK, PER MONTH | GRADE A AVG | GRADE B AVG |
|---|---|---|
| CITY CORE | £1,000 | £475 |
| CITY WEST | £850 | £550 |
| CITY NORTH | £850 | £400 |
| CITY EAST | £600 | £425 |
| MANAGED OFFICE – £ PER MONTH RATE | GRADE A AVG | GRADE B AVG |
|---|---|---|
| CITY CORE | £220 | £145 |
| CITY WEST | £165 | £80 |
| CITY NORTH | £200 | £120 |
| CITY EAST | £140 | £100 |
Largest deals in 2021-23
| Company | Sector | Building | Size (sq ft) |
|---|---|---|---|
| LATHAM & WATKINS | LEGAL | 1 LEADENHALL STREET | 246,000 |
| KIRKLAND & ELLIS | LEGAL | 40 LEADENHALL STREET | 218,581 |
| TIKTOK | TECHNOLOGY | 150 ALDERSGATE STREET | 139,424 |
| T. ROWE PRICE | FINANCIAL | 5 PATERNOSTER SQ | 130,000 |
| INMARSAT UK | TELECOMS | 50 FINSBURY SQ | 121,800 |
Mid sized deals in 2021-23
| Company | Sector | Building | Size (sq ft) |
|---|---|---|---|
| PGMBM | LEGAL | 70 MARK LN | 9,901 |
| RAILSBANK TECHNOLOGY LIMITED | TECHNOLOGY | 1 SNOWDEN ST | 9,873 |
| GAMMA TELECOM | TELECOMS | 63 ST MARY AXE | 9,832 |
| TRADING TECHNOLOGIES | TECHNOLOGY | 85 KING WILLIAM ST | 9,736 |
| GARD UK LIMITED | INSURANCE | 3 MINSTER CT | 9,735 |
Employment & Industries
Growth Sectors
(GVA) 2015-2019
Architect & Engineering
up by 123%
Health
up by 91%
Energy
up by 74%
Frequently Asked Questions
A 4-person office within London costs between £1,200 and £5,440 to rent PCM. A 20-person office within London costs between £6,000 and £22,680 to rent PCM. Flexible office space costs vary depending on size, quality and location. Prices range from £400 – £1,110 per desk, per month, with the best-in-class offices commanding a higher price.
To provide an environment where people feel comfortable and motivated an office space should allow for 50 square feet per desk and 50 square feet per person in communal areas.
A flexible office solution (also known as a flexible office space) is an efficient option for businesses whose team numbers change frequently since the office space can be scaled appropriately. Additionally, this freedom to scale up and scale down is further allowed because businesses are not tied into any lengthy rental agreements.
Devono (office space and commercial property consultants) can provide businesses with serviced, flexible workspaces, which are fully furnished with IT and telecoms infrastructure. Personalisation of office spaces is allowed so that businesses can reflect their brand and business values.
Flexible, serviced office spaces are ideal for businesses looking for cost-effective office solutions that can facilitate fast-paced working environments with rapidly expanding numbers. They are also ideal for businesses that need the freedom to relocate since flexible office spaces can be rented on a short-term basis.
There are many reasons to look at renting office space in the City of LondonThe benefits of renting a flexible workspace include:
- Scalability
- Bespoke office solutions
- Short-term rental options
- Short-term rental options
- A single monthly fee
- Ability to personalise office space to suit the business brand
- Support offered by a dedicated team member
