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London Area GuideOffice Space in Victoria to Rent

Area Overview

Victoria is south of the central West End area. This location not only houses a number of UK Government Departments but is also home to Queen Elizabeth (Buckingham Palace) and numerous businesses, both domestic and global.

Victoria has undergone years of regeneration and significant investment with new office buildings and improved transport facilities, increased hospitality provision to offer something for residents, businesses, and tourists alike.

What to do and see

  • retail

    Cardinal Place and Victoria Street are the main retail locations within this area

  • theatre

    Apollo Victoria and Victoria Palace Theatre are located directly outside the mainline train station

  • cathedral

    Victoria is home to Westminster Abbey and Westminster Cathedral

  • parliament

    A short walk away from Victoria you will find both the House of Parliament and Buckingham Palace

The Workforce

Victoria contributes a total of £3.1bn per year in GVA. Alongside its GVA contribution, Victoria generates a total of £105mn in business rates for the UK each year.

The area is home dominated by government departments and agencies due to its proximity to Parliament, with the Department for Transport, the Department for Business, Energy and Industrial Strategy and the HQ for Transport for London all located in Victoria. The National Audit Office and the UK’s National Cyber Security Centre are also located in Victoria.

The occupier base in Victoria is diverse, with firms such as Google, Faithful + Gould, and John Lewis all based in the area.

Transport

  • transport-overground

    District Line, Circle Line, Victoria Line

  • transport-underground

    Victoria

  • transport-airplane

    Gatwick, Express

  • transport-coach

    Victoria Coach 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 Victoria office market is one of the more sizeable across the West End. A mix of office types and quality has ensured the attraction of this location for firms of all sizes. Victoria is further enhanced by its proximity to its namesake’s main rail station and London Underground lines. Much of the office stock is located in and around the transport interchange.

Business Districts

  • Victoria Street
  • Nova & Cardinal Place
  • Westminster
  • Pimlico
  • Grosvenor Place
  • St James’s Park

Major Employers

  • google
  • bae-systems
  • bhpbilliton
  • john-lewis
  • national-audit-office

Largest deals in 2020-21

Company Sector Building Size (sq ft)
Salt Pay Services Technology 105 Victoria Street 24,880
VO Curations Media 40 Broadway 11,933
Qube Research Financial 160 Victoria Street 11,583
Albourne Partners Limited Professional 16 Palace Street 8,703
Google UK Ltd Technology 123, Buckingham Palace Road 8,500

Mid sized deals in 2020-21

Company Sector Building Size (sq ft)
BMLL Technologies Limited Technology 13-15 Carteret Street 5,257
A Studio Limited Professional 4th (Part) 30, Millbank 5,000
LCM Partners Financial The Peak, 5 Wilton Road 4,902
NHS Confederation Government 18, Smith Square 4,808
Vectura Group PLC Corporate Manning House, 22 Carlisle Place 4,350

Prime Office rents

PRIME RENTS PSF GRADE A GRADE B
VICTORIA £72.50 £60,00

Flexible Office rents

FLEXIBLE OFFICE £ PDPM GRADE A
VICTORIA £500 - £1,000

Office Space in Victoria to Rent Offices

25% Further Reduction

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Serviced Office

Victoria Street, London, SW1

Price from £895 per workstation/month

Located opposite Victoria Rail Station in the heart of the West End, the building is...
Terrace

Terrace

24/7 Security Monitoring

24/7 Security Monitoring

Bicycle Storage

Bicycle Storage

25% Further Reduction

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Serviced Office

Eccleston Square, Victoria, London, SW1V

Price from £675 per workstation/month

This space on Eccleston Square is an imposing 7 storey building with a grand, regency...
Lounges

Lounges

24/7 Access Control

24/7 Access Control

Gym

Gym