Market Insights: London's Flexible Office Space Market Report - Q3 2024

A 5 Person Office in London is More Affordable Than you Think

A 5 Person Office in London is More Affordable Than you Think

Spanning an area of 1,572 km², London is consists of 5 main areas including Central, South, North, West, and East London.

With over 200 five-person offices across London's 5 main sub-regions, there are flexible spaces located in brand new buildings to renovated warehouses for every budget. Of course, like many choices in business, the costs vary by location and proximity to transit and other amenities. Whether your budget is tight or you prefer to be outside London Central, there are some very affordable options for a team of five to be found.

So how much does it really cost to rent an office in London?

Central London

If it's all about location and being seen, you'll find a wide selection of 5 person offices from Camden to Westminster to London Bridge. With median rents in Central London at £3,250 you'll have plently of options to compare.

Central London

Median Office Rate Per Person £700
Median Coworking Desk Rate Per Person £395
Flex Floorspace Available (sqm) 4,345,500
Available Desk Capacity 86,910

5 Person Offices in Westminister

1 Hudsons Place Unit 2 Platform 1 Victoria Mainline Station London, SW1V

Up to 5 people
Private Offices

14 Old Queen Street London, SW1H

Up to 5 people
Private Offices

83 Victoria Street London, SW1H

Up to 5 people
Private Offices

5 Person Offices in SOHO

1 Heddon Street London, W1B

Up to 5 people
Private Offices

4 Winsley Street London, W1W

Up to 5 people
Private Offices

21 Soho Square London, W1D

Up to 5 people
Private Offices

5 Person Offices in Holborn

LABS 15 Southampton Place London, WC1A

Up to 5 people
Private Offices

202, 235 High Holborn London, WC1V

Up to 5 people
Private Offices

10 Bloomsbury Way London, WC1A

Up to 5 people
Private Offices

North London

With a median price of £2,000, look to the North of the city centre to strike a great deal and home for your team of 5.

North London

Median Office Rate Per Person £400
Median Coworking Desk Rate Per Person £280
Flex Floorspace Available (sqm) 296,250
Available Desk Capacity 5,925

5 Person Offices in Islington

Up to 5 people
Private Offices

Northdown Street London, N1

Up to 5 people
Private Offices

3-11 Pine Street London, EC1R

Up to 5 people
Private Offices

5 Person Offices in Camden Town

Labs Atrium Camden, Stables Market, Chalk Farm Road London, NW1

Up to 5 people
Private Offices

Labs Triangle Camden Chalk Farm Road London, NW1

Up to 5 people
Private Offices

Water Lane Hawley Lock, Camden London, NW1

Up to 5 people
Private Offices

West London

With a median price of £2,935, you'll find options in Fuham and Hammersmith in West London.

West London

Median Office Rate Per Person £443
Median Coworking Desk Rate Per Person £292
Flex Floorspace Available (sqm) 376,950
Available Desk Capacity 7,539

5 Person Offices in Ealing

Up to 5 people
Private Offices

10 Barley Mow Passage London, W4

Up to 5 people
Private Offices

52-53 The Mall Saunders House Ealing London, W5

Up to 5 people
Private Offices

5 Person Offices in Hammersmith

174 Hammersmith Road London, W6

Up to 5 people
Private Offices

245 Hammersmith Road London, W6

Up to 5 people
Private Offices

227 Shepherds Bush Road Hammersmith Business Centre London, W6

Up to 5 people
Private Offices

5 Person Offices in Chelsea

189 Brompton Road London, SW3

Up to 5 people
Private Offices

559a Kings Road Fulham London, SW6

Up to 5 people
Private Offices

189 Brompton Road London, SW3

Up to 5 people
Private Offices

East London

If you like the city fringe you'll find some excellent options in East London in boroughs such as Grenwich and Hackney with a median price for a 5 person team at £1,875.

East London

Median Office Rate Per Person £465
Median Coworking Desk Rate Per Person £228
Flex Floorspace Available (sqm) 738,700
Available Desk Capacity 14,774

Private Offices for 5 in Canary Wharf

Up to 5 people
Private Offices

3 Muirfield Crescent London, E14

Up to 5 people
Private Offices

One Canada Square Canary Wharf London, E14

Up to 5 people
Private Offices

Private Offices for 5 in Shoreditch


South London

Though inventory is a bit more limited, you'll find a 5 person office in South London at a median price of £2,650.

South London

Median Office Rate Per Person £338
Median Coworking Desk Rate Per Person £249
Flex Floorspace Available (sqm) 148,250
Available Desk Capacity 2,965

Wimbledon 5 Person Offices

4 Queen's Road The Old Town Wimbledon London, SW19

Up to 5 people
Private Offices

Putney Offices with 5 Desks

5 Manfred Road London, SW15

Up to 5 people
Private Offices

Ranelagh Gardens London, SW6

Up to 5 people
Private Offices

6 Crescent Stables London, SW15

Up to 5 people
Private Offices

Frequently Asked Questions

How much does it cost to rent an office for 5 people in London?

The median cost to rent a shared office for 5 people in London is £2,950 per month. The price varies by region with East London having a median price of £1,875 compared to Central London at a median price of £3,250.

What's the best place in London to rent a 5 person office?

Like many large major cities, you'll find the most options and availability of offices for up to 5 people in the Central core of London, with East and West London also having good availability.

How much office space do I need for 5 people?

UK standards recommend 5 square metres per person or 25 square metres for an office for 5 people (54 square feet per person or 270 square feet for a team of 5).

Whether you need one desk or space for 100 staff, we have a large selection of flexible office spaces to choose from.

Have a larger team? Try a 10 Person Office in London.

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