East Central London Office Space
Start your search for serviced offices for rent in East Central London here. Simply click on an area to see what office space is available and then click on the properties to rent for details of what each property comprises. Whether you need furnished office space, coworking space or virtual offices we have an office available that's perfect for you.
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Office Space to Rent in East Central London
Dominated by The City of London's financial centre, this part of East London boasts incredible transport links (Zone 1) and a wide variety of office options, although most will not include car parking due to the high density nature of the location (and the fact that it's within London's congestion charge zone).
For anyone who needs serviced office spaces such as furnished private offices or shared space, this part of Central London offers offices featuring state of the art amenities and high spec facilities within close proximity to public transport. The inclusions will vary depending on the building providing them but will typically be staffed receptions, meet and greet and concierge services, 24 hour access, conference and meeting rooms, high speed internet, air conditioning, bike racks, onsite cafes, 24hour security and more.
East London Offices for Rent
Office Space for Rent: Costs Across East London, average rental values range between £65 and £75 / sq ft, although prime rents in the City can be as high as £116 and over £100 in Clerkenwell and Old Street. However, there are plans in place to increase availability levels and to adapt the current real estate inventory to the demands of prospective occupiers.
Office Accommodation: Property Types A number of collaborative coworking spaces and flexible serviced office space has been created in the area, where square footage for this type of floor space has quadrupled in the past 25 years and is expected to double by 2025.
Renting Office Space in East London: Benefits & Limitations Financial incentives, such as lower business rates, are available for businesses who commit to the redevelopment of brownfield sites within East London and the City, and in particular for the creation of mixed-use developments. This has presented a good opportunity for businesses involved in construction and real estate.
In addition, under the Corporate Plan for the City of London, local authorities have been promoting specific industries like finance, business services, culture, and the arts. Efforts have also been made to support small and medium-sized businesses (SME's) within the City.
As for the limitations, the high prices for properties for rent and a very tight supply of East London office space are the main issues to bear in mind.
Business in East London
For decades, the rich historical and cultural heritage of this part of Central London has supported the tourism and hospitality industries, which are expected to have a net worth over more than £250 billion by 2025. The Square Mile (another name for the City of London) has a high business density, with more than 14,000 registered businesses being based here and the majority being directly involved in finance, banking, and insurance.
These sectors dominate the business scene in the City of London, mainly thanks to the presence of the London Stock Exchange and of hundreds of corporate headquarters, including HSBC, Barclays, Lloyds TSB, Aviva, Unilever, BT, Standard Chartered, and UBS.
The TMT sector (technology, media, and communications) is the third largest industry sector in Central East London, followed by culture and the arts, mostly in Barbican and St Paul's, where there are several museums, art galleries, and theatres. As a result of several successful urban regeneration projects, construction, real estate, and leisure are important in Wapping and Commercial Road. Lastly, there is a small number of manufacturing firms located east of Whitechapel and Tower Bridge where the commercial property for rent includes light industrial units and business park options with warehouse units.
About Central East London
The Central part of East London covers areas of Hackney, Islington, Tower Hamlets, and the entirety of the City of London - the financial heart of the UK and home to some of the city's key tourist landmarks. In addition to the City of London, the most notable business districts in this area include the well established Tech centres of Shoreditch and Old Street, and the neighbourhoods bordering Islington.
East London is also a major transportation hub, as it is served by virtually every transportation system available within London and has direct rail links with Stansted airport via Liverpool Street station. Moreover, London City airport is approximately 8 miles away from most locations in Central East London.
Serviced Offices
SMEs are the most common serviced office occupier. First-time business owners are also typical tenants, as a serviced office is perceived as a less risky option when compared to conventional office space.
All-inclusive pricing. Short / flexible lease length. Less capital expenditure. Opportunities for networking. No dilapidation costs.
Managed Office Space
Managed or semi-serviced offices are a convenient office solution for business owners who don't want to commit to a conventional office lease but don't want serviced office space either.
Non-branded buildings. Flexible licence agreements with easy in-out and renewal terms. Move in within 3 months of lease-signing . Credit checks are not usually necessary. Total personalisation of office space.
Conventional Office Space
Traditional office space is a good option for businesses with at least 100 employees and, across London, conventional office space is typically favoured by corporates.
Facilitates branding and advertising. Potentially lower rates or discounts, especially whenever longer leases are agreed. Flexibility and control over the premises' appearance, layout, and space management. Only pay for the amount of space used.