Market Insights: London's Flexible Office Space Market Report - Q3 2024
London's Circle line provides access to 36 stations, including some excellent locations, such as Farringdon, Liverpool Street, and Paddington. Here are some of the best places on the circle line to rent an office.
With 36 stations, the Circle Line connects commuters from one of London's many other tube lines including the Elizabeth Line and Northern Line to key areas of the City of London and to West London providing access to the highest concentration of flexible office space than any other line. From premium enterprise offices chalked full of amenities to smaller 5-person offices in boutique spaces, the Circle line has something on offer for every budget.
If you're searching for the perfect office space on the Circle Line, there are a few things you'll want to keep in mind. Location is key when it comes to finding the best office space on the Circle Line. You'll also want to find an office space that's within a 10-minute walk from the station to your new office and includes plenty of options for lunch to take a break or entertain clients.
From private meeting rooms to shared kitchens and gym facilities you're sure to find an office along the Circle Line with the necessary amenities to attract new staff and keep current employees happy.
Here are the top locations around London's Circle Line to find an office space for your business needs. For a local perspective, check out the Pro Tip for each of the following stations.
From Hammersmith to Farringdon to Liverpool Street, you'll find a variety of office options for your business. Whether it's a small team of 20 or a larger team of over 100, there are spaces for everything in between. The following table breaks down the price of offices by size for all relevant stations along London's Circle Line.
Station | 1-4 Desks | 5-10 Desks | 11-15 Desks | 16-25 Desks | 26-50 Desks | 50+ Desks |
---|---|---|---|---|---|---|
Paddington Station | £790 | £763 | £833 | £825 | £813 | £934 |
Farringdon Station | £617 | £549 | £580 | £567 | £567 | £875 |
Edgware Road Station | £842 | £875 | £910 | £906 | £853 | £1,177 |
Baker Street Station | £825 | £535 | £665 | £507 | £505 | £493 |
Great Portland Street Station | £1,350 | £600 | £397 | £693 | £638 | £1,755 |
Euston Square Station | £360 | £400 | £496 | £574 | £600 | £665 |
King's Cross Station | £799 | £775 | £630 | £650 | £696 | £1,077 |
Barbican Station | £690 | £549 | £585 | £700 | £549 | £884 |
Moorgate Station | £760 | £624 | £699 | £665 | £678 | £665 |
Liverpool Street Station | £694 | £625 | £640 | £642 | £725 | £734 |
Aldgate Station | £355 | £400 | £475 | £655 | £589 | £650 |
Tower Hill Station | £774 | £500 | £605 | £700 | £652 | £657 |
Monument Station | £717 | £610 | £670 | £713 | £719 | £865 |
Cannon Street Station | £600 | £600 | £600 | £600 | £600 | £662 |
Mansion House Station | £750 | £450 | £500 | £557 | £980 | £985 |
Blackfriars Station | £625 | £550 | £550 | £618 | £736 | £812 |
Temple Station | £750 | £550 | £616 | £600 | £669 | £834 |
Embankment Station | £500 | £558 | £683 | £570 | £584 | £644 |
Westminster Station | £850 | £850 | £954 | £909 | £892 | £949 |
St Jame's Park Station | £435 | £790 | £9541 | £909 | £892 | £949 |
Victoria Station | £511 | £650 | £840 | £703 | £840 | £807 |
Sloane Square Station | £1,024 | £933 | £667 | £794 | £753 | N/A |
South Kensington Station | £1,200 | £667 | £667 | £560 | £675 | N/A |
Gloucester Road Station Station | £600 | £900 | £929 | N/A | £675 | N/A |
High Street Kensington Station | £600 | £680 | N/A | £520 | £1,142 | |
Notting Hill Gate Station | £534 | £315 | N/A | £747 | N/A | N/A |
Bayswater Station | £300 | £250 | N/A | £342 | N/A | N/A |
Royal Oak Station | £338 | £263 | £263 | £375 | £427 | £588 |
Westbourne Park Station | £263 | £263 | ||||
Wood Lane Station | £683 | £617 | £711 | £525 | £654 | £491 |
Hammersmith Station | £573 | £530 | £547 | £525 | £557 | £541 |
Source Rubberdesk. The median price is shown per person per month based on a 12-month term - July 2024
Median Office Rate Per Person | Median Coworking Desk Rate | Flex Floorspace Available (sq. ft.) | Available Desk Capacity |
---|---|---|---|
£785 | £425 | 63,350 | 1,267 |
Earlier in the day, Paddington was called the ''gateway to London'' since it was the first London terminus for the Great Western Railway. It's now a bustling area with plenty of businesses, including media and publishing companies.
The area has also become a transport hub, allowing commuters to get high-speed trains directly to Heathrow airport. As a result, Paddington Station is the perfect place for international businesses that want to be close to an airport.
Shortlisting, tours, and negotiations – to secure the best deal for you. Our tailored service is 100% free, with no obligations or charges.
Or Call 0800 699 0655
Median Office Rate Per Person | Median Coworking Desk Rate | Flex Floorspace Available (sq. ft.) | Available Desk Capacity |
---|---|---|---|
£650 | £375 | 289,000 | 5,780 |
Farringdon Station is an ideal location for businesses in the legal and financial sectors. In addition, a large number of tech firms in the area provide a welcome pool of talent to draw from. Moreover, the rail links from Farringdon are excellent. The station provides access to the Thameslink, Metropolitan, and Hammersmith & City lines as well as the new Elizabeth Line.
Farringdon also has plenty of green spaces, offering a respite from the bustle of city life.
Pro Tip: Thanks to the new Elizabeth line and city Thameslink (links north to King's Cross and Luton as well as south to Gatwick), Farringdon is once again in demand. The area includes a mix of building styles and good availability that overflows into St Paul's, [Blackfriars]((https://rubberdesk.co.uk/location/blackfriars-station-london), Chancery Lane, and [Clerkenwell]((https://rubberdesk.co.uk/location/clerkenwell-london). The station also provides access to a good mix of managed and self-contained office spaces.
Median Office Rate Per Person | Median Coworking Desk Rate | Flex Floorspace Available (sq. ft.) | Available Desk Capacity |
---|---|---|---|
£710 | £450 | 632,450 | 12,649 |
Though Liverpool Street Station has been in demand for many years, its popularity as a business hub has drastically increased thanks in large part due to the opening of the Elizabeth Line.
Whether you want to commute to work via the Liverpool Street station or take the tube served by the Central, District, Hammersmith, or Metropolitan Lines to reach another destination in the city, Liverpool Street is an excellent location for any business. With its central location, you'll be able to reach all of your clients with ease and reduce the daily commute for your team.
Some of the most significant names in the business world have their offices around Liverpool Street. The most notable example is Bloomberg, followed by Mimecast and Monzo. What's more, there are plenty of bars and restaurants in the area for after-work socialization and networking.
Pro Tip: Liverpool Street Station includes a wide variety of options for all business sizes including a mix of high-quality and budget-friendly spaces. Operators such as Regus and Landmark provide great corporate options while WeWork, FORA, Mindspace and Uncommon offices tend to be on a little on the trendy side.
Median Office Rate Per Person | Median Coworking Desk Rate | Flex Floorspace Available (sq. ft.) | Available Desk Capacity |
---|---|---|---|
£788 | N/A | 59,300 | 1,186 |
Euston Square Station is located on the Circle line between Great Portland Street and Kings Cross St. Pancras. The area is home to many businesses that can serve as an inspiration to your budding entrepreneurial venture.
The area provides convenient transport links not just to London but also to the rest of the country. For example, your team can take the train from Euston to Manchester, Birmingham, the Midlands, or Glasgow to meet clients or attend work-related events.
Meanwhile, the Underground connects the area to Central, North, and South London, including London Bridge Station through the Victoria and Northern lines.
Kings Cross St. Pancras is just a few minutes from Euston Square, giving you access to multiple city-wide locations. Plus, the area is connected to the Piccadilly and Hammersmith & City lines. Here's the best part: Gatwick and Heathrow airports are just an hour away from Euston Square, allowing you to easily connect with clients or business partners from around the world.
Median Office Rate Per Person | Median Coworking Desk Rate | Flex Floorspace Available (sq. ft.) | Available Desk Capacity |
---|---|---|---|
£700 | £425 | 168,250 | 3,365 |
Tower Hills offers a vibrant amalgamation of modern-day business and historical charm, providing the perfect environment for companies to excel. The area boasts a wide variety of office space and excellent transport connections to the rest of London.
Businesses in the area also have quick access to government, commercial, and financial institutions, making it an ideal location for those working in these industries.
**Pro Tip: ** Thanks to a strong supply of spaces, Tower Hill Station provides easy walking access to a range of offices with amenities such as gyms, breakout spaces, and everything in between starting as low as £298 per desk from the likes of Our Space for teams of 5-10 people to a median price of £848 for teams of 26-50 people from Halkin and BE Offices.
Median Office Rate Per Person | Median Coworking Desk Rate | Flex Floorspace Available (sq. ft.) | Available Desk Capacity |
---|---|---|---|
£544 | £350 | 101,600 | 2,032 |
Being a commercial hub, Hammersmith is unsurprisingly one of the most popular places to rent an office on the circle line. There are plenty of excellent office buildings and business centres, including serviced offices.
The area has two tube stops, Hammersmith and Hammersmith Broadway, connecting it to the rest of London. There are also plenty of bus routes and overground trains. That's probably why Hammersmith and Fulham have nearly 13,000 businesses with 140,000 employees. Small or mid-sized tech businesses occupy most offices in the area. But, the area is also home to some large companies, such as Walt Disney Co Ltd.
Pro Tip: Within easy reach of the city centre, Hammersmith is ideal for businesses that want more out of their office budget with the median rate close to £500 across all office sizes. Vitaxo and Needspace? offer great budget options priced below £300 per desk while Hanna and WeWork and Hana offer higher end offices at a median price of £600.
Median Office Rate Per Person | Median Coworking Desk Rate | Flex Floorspace Available (sq. ft.) | Available Desk Capacity |
---|---|---|---|
£582 | £350 | 167,150 | 3,343 |
Cannon Street is one of the most popular business districts in London. It's home to several businesses, including banks, accounting firms, and law firms. The area is also well-connected, with Cannon Street station providing access to the Circle line.
Plus, the Shakespeare's Globe Theatre in the area is an excellent place to take clients or colleagues for networking. The area is also home to several credit institutions and banks, making it ideal for businesses in the finance industry.
As for the transport links, Cannon Street Station is close to Bank Station. You can also take the bus from here to reach other parts of London or commute through other mainline stations just a few minutes from the area.
Pro Tip: At a median rent of £650 per desk, Cannon Street Station provides access to a full range of offices at different budgets from First Base and Beaumont at £366 and £475 per desk respectively to Kitt and Pavillion at £1,224 and £1,100 per desk.
Median Office Rate Per Person | Median Coworking Desk Rate | Flex Floorspace Available (sq. ft.) | Available Desk Capacity |
---|---|---|---|
£850 | £300 | 10,050 | 201 |
Sloane Square is one of the most fashionable streets in London and is home to various high-end shops, restaurants, and cafes. It's also within walking distance of Sloane Square Station, making it an excellent location for businesses that want to be close to public transport.
Since the area is known for its ritzy fashion scene, it's ideal for businesses that want to project an upscale image. Moreover, Sloane Street is connected to the rest of the city through the London General, London United, and the District Line.
Pro Tip: Ideal for smaller teams looking for high-quality offices, Sloane Square Station provides access to spaces for less than 15 people ranging in price from £667 per desk for an 11-15 person office to £1,024 per desk for a 1-4 person office.
We offer free, impartial comparisons of every serviced office across the UK, with full market coverage.
Or Call 0800 699 0655
Median Office Rate Per Person | Median Coworking Desk Rate | Flex Floorspace Available (sq. ft.) | Available Desk Capacity |
---|---|---|---|
£790 | £400 | 40,500 | 810 |
If you're looking for an office space that also offers breathtaking views and is enclosed by nature, look no further than St James Park. The station is located right next to the park of the same name, which contains a beautiful lake, many walking trails, and plenty of benches and picnic tables to enjoy lunch on a sunny day.
The area surrounding the station is also full of restaurants and cafes — perfect for grabbing a quick bite before or after work. You'll also find plenty of spots near St James Park Station, such as the historic St James Palace, to impress clients or business partners.
Pro Tip: Though you'll find offices available for 1-60 people, supply around St Jame's Park Station is limited if you need more than 10 desks. With that said, BE Offices and Citibase for £315 and £420 respectively.
Median Office Rate Per Person | Median Coworking Desk Rate | Flex Floorspace Available (sq. ft.) | Available Desk Capacity |
---|---|---|---|
£630 | £425 | 40,950 | 819 |
London's Baker Street is known for being the home of Sherlock Holmes, but it's also an excellent place to rent an office. The area is full of restaurants, cafes, and shops, making it an excellent place for modern-day business.
You'll find many serviced offices in the area that offer amenities like meeting rooms and reception services. Baker Street Station is also well-connected, with multiple tube lines and bus routes nearby. The area has offices of many high-end businesses, such as Evolution Games, a company that makes live casino games. Likewise, you'll also find Publicis Group branches on Baker Street, as well as many communications, media, and advertising companies.
Baker Street Quarter Partnership also has a five-year business plan to improve the area's business environment. The project includes a Baker Street tube station upgrade, new public spaces, and improved street lighting. All of these upgrades and features can help your business thrive in the long run.
Pro Tip: From Regus to Workpad, you'll find offices available for teams of 1 to 50 people for a median rate of £460 per desk.
Median Office Rate Per Person | Median Coworking Desk Rate | Flex Floorspace Available (sq. ft.) | Available Desk Capacity |
---|---|---|---|
£400 | £400 | 1,300 | 26 |
Besides being a Hollywood movie location and a mecca for shoppers, Notting Hill Gate Station is also home to several businesses, including media and tech companies. There are plenty of coworking spaces and office rentals available in the area.
The area is accessible by bus, tube, and taxi. Apart from the Circle Line, the the Central and District lines also have stops in Notting Hill. If you have the budget for it, you'll be able to find serviced offices with a wide range of amenities, such as meeting rooms and break-out areas.
Pro Tip: Though options are limited you'll find a number of less expensive offices for teams of 1-10 people from Vitaxo and Nammu Workplace.
Prices Accurate as of September 30, 2023
London stands as a beacon of global commerce, politics, and culture, providing businesses with top-tier office spaces and serviced offices that rival New York's offerings. The city's iconic Underground system ensures unparalleled accessibility, bypassing the challenges of urban congestion. Optimal proximity to tube stations is essential for facilitating seamless daily commutes, especially as businesses adapt to post-pandemic norms. With its expansive network spanning 11 lines, 270 stations, and 400 kilometers of track, the Underground remains the preferred choice for navigating London's bustling streets.
As specialist brokers in the flexible office market, Rubberdesk is across all the options, offers and availability. We have real time pricing for thousands of spaces listed by hundreds of providers to help find your next office.
It's EASY, FAST and FREE to use Rubberdesk.
We'll give you a call back with a bespoke shortlist of options to discuss.
Or give the experts a call +44 (0)800 699 0655