Office Space to Let in North Greater London

Office Space North Greater London

We can help you find both furnished office space and unfurnished offices to lease throughout the Northern areas of Greater London.

Office Rental Costs & Considerations

Self-employment levels across North Greater London are slightly higher than the London average. The area's demographics and long-term employment trends make it particularly suitable for micro businesses, which account for nearly 93.5 per cent of the total. However, business failure or churn rates are also typically high.

Generally speaking, the commercial property market in North Greater London is characterised by high vacancy rates, which means that office space is readily available. In fact, there is an oversupply of office accommodation in the area, which helps keep prices low. A large proportion of office units are situated in Woodford, whereas retailers tend to be clustered in Loughton High Street and in areas adjacent to North Circular Road, as these locations benefit from high footfall levels.

The last point to consider is the long-term vision that local authorities have for North Greater London. It is expected that in the medium term, continued population growth will make this area even more appealing for real estate developers and for businesses involved in housing and construction activities. Other sectors that are expected to grow significantly include digital and creative activities.

Business in North Greater London

The business scene in North Greater London is highly reliant on the service sector, which is mainly driven by companies engaged in financial activities, business services, wholesale and retail. The residential character of this area means that the number of construction companies is higher than in other parts of Greater London, and the same applies to businesses providing accommodation and food services, especially in Woodford and along the North Circular Road.

Proximity to Epping Forest translates into a robust leisure and entertainment sector. Education is another large source of employment, since the University of Essex has a campus in Loughton, near Debden underground station and off the M11.

About North Greater London

The North Greater London sub-region includes most urban centres in the borough of Redbridge, as well as communities located in Essex. On the whole, this region is considered a suburban area and has a predominantly residential character, especially in and around Loughton.

However, economic activity levels are high, as North Greater London has a thriving industry base supported by a growing population and by good transport links with central London, which can be reached in only 30 minutes via frequent underground services (Central Line). Road access is also good considering that major roads including the M25 and the M11 are within a few miles of most urban centres in North Greater London. The nearest airport is Stansted, which is located 25 miles away.

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