How Much Does it Cost to Rent Office Space in the City of London?
Compare prices on office space and coworking desks across the City of London.
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This page explains what offices in the City of London cost, and why. The City of London listings themselves - 836 of them, as at September 2026 - are on the location page, where you can filter by size, budget and area and see them on a map.
City of London Office Price Summary
Stretching along the River Thames from Temple to Aldgate Station and in the North from Golden Lane Estate to the Blackfriars, Southwark, and London Bridges, the city of London is an ideal choice for businesses of all kinds to conduct their operations. And with around 8,600 residents, it's no surprise that the City of London is known more for the 600,000-plus workers who commute there on foot, by bike, or by tube and train each day.
As London's financial district, the City of London includes the largest number of serviced offices and coworking desks in London. In fact, no other city in the UK comes close to the options available for businesses and startups to choose from. Whether it's the bare basics or luxury in a tier-one building, businesses choosing to operate in the City of London have the widest range of options to choose from.
For fans of architecture, the City of London is also home to many of London's tallest and most notable skyscrapers. From Twentytwo at 22 Bishopsgate and the Leadenhall building at 122 Leadenhall Street to the architectural wonder of 30 St Mary Axe and the "Walkie Talkie" at 20 Fenchurch Street, there's an office in or near many of these great buildings.
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Available Floorspace: 1.3 Million sq ft, Down 2% in Q3 2026
With 1,238,766 square feet of flexible office space available, the City of London holds about 16 percent of the short-term office space listed across the UK. The pool has grown by more than a third since the start of 2022, from 955,000 sq ft in January 2022 to 1.3 million today, as operators and landlords have brought larger floors to the flexible market. It peaked at 1.43 million sq ft in March 2026 and has settled since: 1.33 million at the end of June and 1.30 million at the end of September, a 2 percent fall over the quarter and 11 percent above September 2025. The chart tracks it month by month, and Manchester shows the same shape a size down.
Desk Rates: £709 a Desk, Down 1% Over the Quarter, Up 3% on the Year
The median private office in the Square Mile is £722 a desk a month, on live listings as at September 2026, across 836 offices. The chart above tracks how that has moved. The City carries the highest rates in the country, and the premium over the areas immediately around it is worth testing before you commit: ten minutes on foot in most directions takes a meaningful amount off the rate.
Rates have been remarkably stable for four years. The median private office was £702 a desk in January 2022 and ranged between £650 and £749 since, so the £709 of today is the same market at a slightly higher price: 1 percent below the second quarter of 2026 and 3 percent above September 2025. The Square Mile's premium over Greater London as a whole (£517 a desk) is around £200. Managed offices, which we have listed as a type of their own since the start of 2026, run higher still: across private and managed offices together the median is about £770. The headline rate is not the whole price, though. On a 12-month term, one to three months rent-free is common, so ask before you commit.
City of London Flexible Office Space
| Median Office Rate Per Person | Flex Floorspace Available (sq ft) | Available Desk Capacity |
|---|---|---|
| £722 | 1,238,766 | 21,667 |
Desk Rate by Office Size
When considering the cost of a serviced office, it's important to know that prices vary by a range of factors including location and the size of the office. Larger offices tend to cost a bit more as they may include private meeting rooms, extra amenities as well as a private entrance. Median rates in the City of London run from £709 a desk for a 1-4 person office to £836 for a private enterprise office of 50 desks or more; on the chart below, which counts managed offices too, the biggest floors clear £900 a desk.
Desk Rate Near Tube Stations
When it comes to finding the perfect office for your business in the City of London, access is everything. With so many offices located within such as small radius, you will generally find multiple options within a 10-minute walk of a major tube or train station. The following chart breaks down the median office price per person for offices located within a 10-minute walk of a station. Within the Square Mile the spread is wide. For the budget conscious, the better deals sit around St Paul's at £509 a desk, Blackfriars at £559 and Farringdon at £625. The premium end is Bank and Moorgate at £839, with Liverpool Street at £766 between them.
Office Capacity by Floorspace and Size
Whether you're a sole trader, a startup with a team of 10, or a well-established business in need of an office for 500, the City of London has the widest selection of different-sized offices available. Offices for teams under 15 people are 55% of what is available, which gives small businesses the broadest range of options, yet they take up only 16% of the floor space. Their share of the count was 62% in June 2022 and has run between the high forties and the mid fifties since, as operators and traditional landlords have brought a greater number of larger flexible floors to market for enterprise teams.
On the other side, larger spaces for teams of 16 or more make up 84% of the floor space. They tend to have a much higher median price due to special inclusions such as private floors, meeting rooms, entrances, and amenities that cater to specific business needs. Though these enterprise offices for larger teams of 50 plus staff are limited in areas outside London, the same cannot be said for the City of London where medium to large businesses have plenty of opportunities from operators such as Servcorp, Uncommon, Argyll, WeWork, Fora and Orega to accommodate large teams.
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City of London Serviced Office Operators
Like many factors in business, office space comes in many different varieties often defined by location, quality of the building, and amenities. In the City of London, Work.Life, LRP and Beaumont sit at the value end of the range, WeWork and IWG in the middle at £655 and £779 a desk, while Kitt, Servcorp and Huckletree are the higher-end options at around £1,000 a desk and more. The chart below ranks the operators we list by their current median rate, so it keeps pace with the market rather than with this paragraph.
Comparing one operator to the other is not recommended on price alone though as most operators have their own style & fit-outs that differentiate them from other hosts. Thus we often recommend that businesses tour a number of spaces to get a good sense of the overall style rather than selecting on solely on price. WeWork vs Regus for example often have very different styles. While WeWork's office style is often described as casual and relaxed, Regus (IWG) is professional and corporate.
What is the Cost to Rent Flexible Office Space in the City of London?
With such a large number of workers commuting each day, the location of your office to transit is critical. Thankfully, there are hundreds of private offices available within a 10-minute walk of many of London's top tube stations.
Aldgate Station
Aldgate Station is an ideal choice for businesses seeking office space in London. Located in the East End of the city, close to Whitechapel and Shoreditch, it offers easy access to transport links such as bus stops (Route 15 and 25) and underground lines (Circle Line and Metropolitan Line). Businesses looking for office spaces here can choose from modern serviced offices suited to short-term let agreements or traditional leased properties with long-term options available. For lunch and after work there are the cafes and restaurants of Spitalfields and Brick Lane a few minutes away, and Whitechapel Market for a change of pace. In sum, this vibrant area provides business owners with both convenience and leisure making it the perfect place for start-ups or entrepreneurs looking to set up shop.
| Median Office Rate Per Person | Flex Floorspace Available (sq ft) | Available Desk Capacity |
|---|---|---|
| £656 | 547,471 | 9,939 |
Managed Office for up to 22 People with Meeting Room | 1,485 Sq. Ft.
1 Norton Folgate Liverpool Street, E1
Private Office for up to 4 Desks | 190 Sq. Ft.
304, 10 White's Row, Coppergate House, Spitalfields Aldgate, E1
Private Office for up to 28 People | 1,636 Sq. Ft.
Blossom Yard Blossom Street Liverpool Street, E1
Private Office for up to 22 People | 1,750 Sq. Ft.
1-5 Norton Folgate Liverpool Street, E1
Private Office for up to 8 People | 198 Sq. Ft.
03-103, 8 Devonshire Square Liverpool Street, EC2M
Private Office for up to 3 People | 124 sqft
35 Folgate Street Liverpool Street, E1
| Location | 1-4 Desks | 5-10 Desks | 11-15 Desks | 16-25 Desks | 26-50 Desks | 50+ Desks |
|---|---|---|---|---|---|---|
| Aldgate Station | £661 | £625 | £624 | £708 | £793 | £615 |
| Bank Station | £889 | £720 | £841 | £909 | £971 | £1,015 |
| Chancery Lane Station | £646 | £643 | £600 | £732 | £785 | £748 |
| Liverpool Street Station | £725 | £735 | £812 | £800 | £863 | £964 |
| Tower Hill Station | £625 | £625 | £615 | £683 | £893 | £669 |
Source Rubberdesk. All prices shown exclude discounts and offers. Talk to us about the latest offers available.
Frequently Asked Questions About Office Space in the City of London
How much does it cost to rent office space in the City of London?
The median desk rate for office space in the City of London is £722 per person per month, on live listings as at September 2026.
How much does it cost to rent a coworking desk in City of London?
We do not list enough coworking in the City of London to quote an honest median - almost everything on the platform here is private office space. There are coworking operators in the market who do not publish availability to listing sites, so if a hot desk or a few memberships is what you need, tell our team and we will come back with the specific options and what they charge.
Author: Tom Petryshen, VP, Growth & Analytics
Figures: live, updated weekly - latest extract September 2026
Our Office Price Guides
- City of London Office Price Guide
- UK Office Space Price Guide
- Central London Office Space Price Guide
- East London Office Space Price Guide
- West London Office Space Price Guide
- Manchester Office Space Price Guide
- Leeds Office Space Price Guide
- Birmingham Office Space Price Guide
- Scotland Office Space Price Guide
- Dublin Office Space Price Guide
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See what is actually available in the City of London
Everything above is the market in aggregate. The individual offices behind it, 836 of them as at September 2026, are on the City of London location page, priced and mapped building by building. Tell us what you need and we will come back with a shortlist.
