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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