Office Space Inner London North

Office Rental Costs & Considerations

The Borough of Barnet has a particularly high number of micro-businesses, estimated at over 93 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 40 per cent, but they hover around the 37 per cent mark in all other North London boroughs.

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. However, increasing demand for these types of facilities has also caused prices to rise.

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.

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 3,000 businesses, particularly in areas like East Finchley, Crouch End, Barnet and Southgate. This sector has already established itself as one of the fastest-growing industries in North London. In addition, it must be noted that public sector is the largest employer in North London, as more than 40 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 million and a workforce of more than 300,000 people. The northernmost neighbourhoods of this sub-region have been transformed by various regeneration projects and many are still earmarked for further development.

With regards to current economic development levels, neighbourhoods in Camden and Barnet are the most prosperous in North London, followed by Brent Cross - Staples Corner, Swiss Cottage and Finchley, although there are other dynamic town centres in the area, such as Enfield, Wood Green, Tottenham - Seven Sisters, and Hampstead.

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