Office Space Inner London North

Office Rental Costs & Considerations

The Borough of Barnet has a particularly high number of micro-businesses, estimated at over 94 per cent of the total. The same applies to other North London boroughs, such as Haringey and Enfield. Long-term survival rates are higher in Haringey, where they reach approximately 42 per cent, but they hover around the 37 per cent mark in all other North London boroughs.

Office rental costs in North London have risen by 5.1% year-on-year, with Barnet averaging £28 per square foot, Haringey £26 per square foot, and Enfield £24 per square foot, reflecting increased demand and improved transport links.

Key regeneration projects completed in 2025, such as Brent Cross Town in Barnet, have added 1,200 homes and 250,000 square feet of office space, boosting local business activity. The Elizabeth Line’s full integration has enhanced connectivity, with Brent Cross West station offering 12-minute journeys to central London, further driving demand for office space.

Local employment and workforce skills trends are also worth taking into account when assessing the feasibility of a new business project. In this respect, Barnet appears as the most promising location within North London, whereas on the opposite end of the scale is Enfield. In Barnet, business owners have access to the local talent pool consisting of graduates from reputable institutions like Barnet and Southgate College and Middlesex University.

Also worth noting is the availability of industrial space near important logistics hubs and major roads like the M25 and North Circular. As a result, areas like Enfield are prime urban logistics locations and a good choice for businesses that require easily accessible warehousing space. Industrial space costs have risen 6.8% in 2025, averaging £18 per square foot in Enfield, due to high demand and upgrades to the A406 North Circular, including Thames Water’s £18 million pipe replacement project, completed in July 2025, enhancing reliability for local businesses.

Business in North London

The manufacturing industry has traditionally had a strong presence in North London, although currently this sector only accounts for 6 per cent of the area's total economic output. Instead, the local business scene has turned to the services sector, and in particular to retail, hospitality, and professional services, with retail and hospitality growing by 4% due to regeneration-driven footfall in areas like Tottenham Hale.

Finance, banking, and insurance have been growing at a steady pace over the last few years, especially in parts of North London that are closer to Zone 1. Moreover, there is a creative cluster in the area led by over 3,500 businesses in East Finchley, Crouch End, Barnet, and Southgate, has grown by 8% in 2025, establishing itself as one of North London’s fastest-growing sectors. In addition, it must be noted that public sector is the largest employer in North London, as more than 42 per cent of all jobs are in public administration, education, and health care, especially in Hackney and Camden.

About North London

North London is comprised of the boroughs of Camden, Barnet, Enfield, Haringey, and parts of Hackney. This is a fast-growing sub-region of the British capital that has a population of over 1.1 million and a workforce of over 320,000 in 2025. The northernmost neighbourhoods have been transformed by regeneration projects, with Brent Cross Town and Tottenham Hale’s The Gessner development, completed in 2025, adding 164 rental apartments and 500,000 square feet of commercial space.

Further developments are planned for Wood Green and Enfield’s Meridian Water, targeting 10,000 homes by 2030. Enhanced transport links, including the Elizabeth Line and upgraded London Overground services, provide 15-minute connections to Liverpool Street from Tottenham Hale.