office space cost

Cost of Office Space in London – Startup Survival Guide

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A daytime view from the lush and expansive green surrounds of Greenwich Park towards the skyline of London’s business district. The Greenwich area is to the south-east of central London, and the cost of office space there is much more affordable than the city’s core, ideal for startup survival if they are cash-strapped. Image at LondonOfficeSpace.com.

Cost to Rent Office Space in London: At-A-Glance

Aspect Central London Outskirts/Outer Boroughs
Cost High rents and high business rates. £70-£88 / sqft for Grade A office space in The City. Lower rents and overheads. Averages of £30 / sqft for North London outskirts locations.
Startup survival Prone to burn through capital Extended runway boosts resilience
Brand signal Conveys prestige and trustworthiness Matches modern and agile brand narratives
Ideal sectors Finance/Insurance/Legal startups Tech and creative 

For startups in London, choosing an office location isn’t just a logistical decision: it’s a strategic move with real implications for cost control, client perception, and long-term survival. The choice between setting up a serviced office space in central London postcodes or in the outskirts is often one of the most important financial decisions a company will face at its earliest stage.

To help with that decision, in this article, we offer a data-driven analysis of the pros and cons of each option to rent office space, comparing costs, survival rates, and brand impact from central London and outer borough offices.

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Comparing Office Space Cost: Central London vs Outer London

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A hand holding a pen points to printed cost comparison graphs resting on a tablet on a desk with other printed graphs, a calculator, and a laptop also littering the desk. Image at LondonOfficeSpace.com.

Choosing the right office location is a critical decision that can significantly impact a business’s bottom line. In a city the size of London, cost disparities between Central London and Outer London areas can be substantial, and the options should be carefully weighed to ensure optimal alignment between location, how much space you need, budget, and overall value. 

In this article, we analyse the cost differences between leasing office space in Central London and in Outer London areas. 

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