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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

  • museum

    St Mary’s Hospital Paddington hosts the Alexander Fleming Laboratory Museum

  • library

    The famous Paddington Bear statue can be seen at Paddington Station

  • bridge

    The Rolling Bridge and Fan Bridge can both be found at Paddington Basin

  • parks

    London’s famous Hyde Park is a ten minute walk from Paddington Station

  • river-stops

    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

  • transport-overground

    Hammersmith and City Line, Bakerloo Line, ,District Line, Circle Line, Jubilee and Metropolitan Line

  • transport-underground

    Paddington Station

  • transport-crossrail

    1 New Elizabeth line station

Employment & Industries

transport-crossrail transport-crossrail

Growth Sectors (GVA) 2015-2019

  • economy-finance

    Financial & Insurance
    - up by 58%

  • economy-information

    Information & Communication
    - up by 53%

  • economy-government

    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

  • marks-and-spencer
  • visa
  • microsoft
  • a2-dominion
  • finastra

Largest deals in 2020-21

Company Sector Building Size (sq ft)
Confidential Confidential The Point, North Wharf Road 16,629
Med24 Other 10 Eastbourne Terrace 8,752
Denodo Technologies Limited Technology Paddington Central, 3, Sheldon Square 4,595

Mid sized deals in 2020-21

Company Sector Building Size (sq ft)
KKCG Financial 1-4 Connaught Place 3,357
Mace Group Corporate 163-167 Praed Street 2,800
Confidential Confidential 182-184 Edgware Road 1,233
Confidential Confidential 17-18 Spring Street 760

Prime Office rents

PRIME RENTS PSF GRADE A GRADE B
PADDINGTON £75,00 £52.50

Flexible Office rents

FLEXIBLE OFFICE £ PDPM GRADE A
PADDINGTON £550-£850

Office Space in Paddington to Rent Offices

25% Further Reduction

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Serviced Office

Eastbourne Terrace, Paddington, London, W2

Price from £800 per workstation/month

In the heart of a regeneration project the size of Soho, bordered by Hyde Park...
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Lounges

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24/7 Access Control

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25% Further Reduction

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Serviced Office

Gloucester Place, Marylebone, London, W1

Price from £1,000 per workstation/month

21 Gloucester Place is a Grade II Listed, Georgian property situated in the heart of...
24/7 Security Monitoring

24/7 Security Monitoring

24/7 Access Control

24/7 Access Control

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