Knowledge

London Area GuideOffice Space in the City Of London to Rent

Area Overview

The City of London is the largest business district in London. Often referred to as the ‘Square Mile,’ the City of London is a historic hub for trade and commerce, widely recognised as the world’s preeminent financial centre.

Many of London’s most famous skyscrapers, including ‘The Gherkin’ and ‘The Cheesegrater’, are situated here. Not widely known for its residential provision, the area is projected to have a population of 10,066 by 2050.

What to do and see

  • retail

    Leadenhall Market, and One New Change are just some of the various shopping locations within the City.

  • museum

    Cultural and historical sites such as Tower Bridge and St Paul’s Cathedral are located in the City.

  • education

    The City is home to numerous universities and educational institutions such as University of London, Coventry University and Newcastle University to name a few

  • court-of-law

    The City has the largest concentration of law firms in London and the UK.

  • pubs

    The City is home to many of London’s oldest pubs

The Workforce

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.

Transport

  • transport-overground

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

  • transport-underground

    Six national rail stations

  • river-stops

    One river stop

  • transport-crossrail

    3 new Elizabeth Line Station

Employment & Industries

transport-crossrail transport-crossrail

Growth Sectors (GVA) 2015-2019

  • economy-architect

    Architect/Engineering
    - up by 123%

  • 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 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.

Business Districts

  • City Core – Bank, Liverpool Street
  • City North – Old Street, Shoreditch
  • City East – Aldgate, St Katharine Dock
  • City West – Farringdon, Clerkenwell, St Pauls

Major Employers

  • linklatrs
  • ubs
  • bloomberg
  • lloyds-bank
  • financial-times

Largest deals in 2020-21

Company Sector Building Size (sq ft)
Linklaters Legal 20 Ropemaker Street 310,000
Latham & Watkins Legal 1 Leadenhall 246,000
AXA XL Insurance 20 Gracechurch Street 155,822
Baker McKenzie Legal 280 Bishopsgate 152,690
T.Rowe Price Finance 5 Paternoster Square 130,000

Mid sized deals in 2020-21

Company Sector Building Size (sq ft)
Hewlett Packard Technology 70 St Mary Axe 8,580
DL Insurance Services Insurance 1 Minster Ct 8,134
SWIFT Technology The Corn Exchange 8,089
Ocorian (UK) Limited Financial 20 Fenchurch Street 7,987
Zinc Media Group Media 17 Dominion Street 7,921

Prime Office rents

PRIME RENTS PSF GRADE A GRADE B
CITY CORE £68.50 £50.00
CITY WEST £77.50 £62.50
CITY NORTH £70.00 £55.00
CITY EAST £60.00 £42.50

Flexible Office rents

FLEXIBLE OFFICE £ PDPM GRADE A
CITY CORE £450 - £1000
CITY WEST £450 - £800
CITY NORTH £450 - £850
CITY EAST £450 - £800

Office Space in the City Of London to Rent Offices

25% Further Reduction

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Serviced Office

Moorgate, London, EC2R

Price from POA per workstation/month

At this convenient address, discover floors of coworking and private offices that cater to needs...
24/7 Access Control

24/7 Access Control

Communal Breakout

Communal Breakout

Tech Support

Tech Support

25% Further Reduction

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Serviced Office

Fenchurch Avenue, London, EC3M

Price from £900 per workstation/month

At this convenient address, discover floors of coworking and private offices that cater to needs...
24/7 Access Control

24/7 Access Control

24/7 Security Monitoring

24/7 Security Monitoring

Barista

Barista