Latest Flex Office Market Insights: London Flexible Office Space Report - January 2024

How Much Does it Cost to Rent an Office In London and Our Top 8 Picks

How Much Does it Cost to Rent an Office In London and Our Top 8 Picks

Search for office space in London's best locations.

London is an incredible place for business. The UK’s capital is vibrant, diverse, and full of talent. Whether you’re an established company or just getting started, the city has a lot to offer.

The problem, however, is that London can be expensive. It can be difficult for startups and small businesses to find an affordable space. Fortunately, if you know where to look, there are several more affordable areas.

We’ve got eight incredible and unique spots within London that make excellent places to rent office space and set up your operations.

Photo: Work.Life Hammersmith London image

How Much Does An Office In London Cost?

Central London by the Numbers

Median Office Rate Per Person £695
Median Coworking Desk Rate Per Person £425
Flex Floorspace Available (sqm) 3,941,400
Available Desk Capacity 78,828

It can be costly for small businesses and startups to rent office space in London. The median price is £675. You can also find some pretty great bargains, with Westminster on the top end at £800 to Hammersmith at £495.

Keep in mind that many office and coworking spaces charge per person (or desk), so you’ll need to consider the size of your team when determining your total monthly cost.

How Much Space Do You Need Per Person?

Another factor you’ll need to consider is how much space you need. The typical office space provided for a serviced office is 5 meters per person, plus access to meeting rooms and other common areas such as kitchens, breakout areas, privacy booths, courtyards, and more.

Tips for Finding an Office In London

Looking for the ideal office space in London can feel overwhelming at first. Here are a few tips that can help make the process a bit easier:

  • Start by understanding what’s important to your business. Do you need to be near a specific location within the city? Do you need access to specific amenities in the building?
  • Determine how long you’ll need the space. In some cases, signing an agreement for six months or longer can result in a price lower than the one listed.
  • Consider the aesthetics. Great décor, lots of windows, and comfortable furniture can all help improve the comfort and happiness of your team. In turn, that can help boost efficiency.

Our Top 8 London Location Recommendations

Now let’s take a look at some of the best locations in London to rent an office space:

1. Paddington

Paddington may be one of the oldest areas of London, but it’s one of the best for new and established businesses. In addition to the Paddington tube station, the area is well-connected by road, bus, and train.

The area of Paddington has a lot to offer, including picturesque parks like Hyde Park and Kensington Gardens, Merchant Square, and gorgeous gardens. There are also numerous thriving restaurants and bars, so you and your team will always have somewhere to grab a bite for lunch or after work.

8 Hermitage Street London, W2

Up to 22 people
Private Offices

1 Burwood Pl St George's Fields London, W2

Up to 7 people
Private Offices

5 Merchant Square Western Fringe London, W2

Up to 3 people
Private Offices

2. Waterloo Station

Located in South London, Waterloo is full of cultural sights, tourist attractions, and an array of bars and restaurants where workers gather at the end of the day. Here is where you’ll find the London Eye, the Old Vic Theater, and the Jubilee Park and Gardens.

You can take a stroll along Southbank or check out the shops at Gabriel's Wharf. Waterloo is also right near Waterloo Station, UK’s largest and busiest tube station.

91 Waterloo Road Capital Tower London, SE1

Up to 14 people
Private Offices

19 Hatfields London, SE1

Up to 17 people
Private Offices

2-6 Boundary Row Waterloo London, SE1

Up to 20 people
Private Offices

3. Victoria Station

Named after Queen Victoria, London Victoria features a vast array of historical and modern attractions. It includes Buckingham Palace, Westminster Abbey, and the House of Parliament. You can catch a show at the Apollo Victoria Theater or take a stroll through the Royal Parks.

Victoria Place and Cardinal Place shopping centers also offer numerous high-end shops, bars, and restaurants. An office space here puts you and your team right in the middle of a lot of action, and you’ll always have plenty to see and do.

52 Grosvenor Garden London, SW1W

Up to 18 people
Private Offices

52 Grosvenor Garden London, SW1W

Up to 5 people
Private Offices

52 Grosvenor Garden London, SW1W

Up to 8 people
Private Offices

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4. Fitzrovia

Fitzrovia is a bustling neighborhood in Central London that’s home to many creative businesses. The diverse area is often described as “eclectic” or having a “bohemian history.” It’s certainly one of London’s most unique spots.

Here, you’ll find places like Fitzroy Square, one of the finest garden squares in the city, the West End, an area that attracts creative types, and an assortment of independent cafes and restaurants.

4th Floor, 75-77 Margaret Street Fitzrovia, W1W

Up to 38 people
Private Offices

23 Bedford Square London, WC1B

Up to 16 people
Private Offices

37 Great Portland Street Fitzrovia London, W1W

Up to 10 people
Private Offices

5. Hammersmith

Hammersmith is an artsy part of London bordered by the River Thames to the south. King Street, which was once the main road to Windsor Castle, is lined with all manner of international cuisine and gastropubs. The area is home to Shepherd’s Bush Market, one of the city’s most vibrant multicultural markets.

You can enjoy music at the Eventim Apollo after work or check out the shops at Westfield, Europe’s largest shopping center. In other words, you’ll never run out of things to do here.

Up to 15 people
Private Offices

41 Iffley Road London, W6

Up to 7 people
Private Offices
Up to 45 people
Private Offices

6. Liverpool Street Station

The area near Liverpool Street Station also makes an ideal spot for a startup or small business. Choosing an office space here provides you and your team with access to amazing markets like Old Spitalfields, iconic sights such a the Tower Bridge, and trendy Shoreditch.

Liverpool Street Station features interesting shops, restaurants, and a couple of watering holes.

204b, 70 Saint Mary Axe London, EC3A

Up to 15 people
Private Offices

42-46 Princelet Street London, E1

Up to 8 people
Private Offices

Liverpool Street 199 Bishopsgate London, EC2M

Up to 4 people
Private Offices

7. King's Cross

King’s Cross is a major railway hub in London. There’s also a variety of things to do nearby, including boutique shopping at Coal Drops Yard and the fountains at Granary Square.

You can check out the floating bookshop Word on the Water, sample foods from a range of amazing restaurants, and browse the Canopy Market. For Harry Potter fans (or team members with kids who are fans), there’s also Harry Potter’s Platform 9 ¾.

16 Upper Woburn Place London, WC1H

Up to 32 people
Private Offices

221 Pentonville Road London, N1

Up to 9 people
Private Offices

Eastside KIng Cross Station London, N1C

Up to 10 people
Private Offices

8. Soho

Soho, in London’s West End, is an area that’s always full of energy. As one of the most vibrant parts of London, it’s known for delicious restaurants, a lively nightlife scene, and so much more.

A stone’s throw from Fitzrovia in the north, this part of the city is also quite unique. Not only could your business thrive here, but you’ll always find something fun and interesting to do.

18 Soho Square London, W1D

Up to 33 people
Private Offices

197-213 Oxford Street Jubilee House London, W1D

Up to 58 people
Private Offices

Ingestre Court Ingestre Place London, W1F

Up to 20 people
Private Offices

Find Office Space in London Today

Whether you want an office space located near a railway, one that’s the center of a shopping or cultural hub, or some other location, you can find the perfect coworking space for your team with Rubberdesk.

We can connect you with serviced office space solutions in London and beyond. Reach out to us today to learn more.


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Frequently Asked Questions

What does it cost to rent an office in London?

The median price is £650. You can also find some pretty great bargains, with Westminster on the top end at £778 to Hammersmith at £495.

Where are the best locations for offfice space in London?

The most popular locations for serviced offices in London include: Central London, Canary Wharf, Paddington, Hammersmith, Soho, King's Cross, Fitzrovia and Holborn.

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