Covent Garden Office Rental Guide
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The above rental estimates reflect good quality (but not prime) air conditioned offices. More expensive and cheaper accommodation will generally be available. Rent rates and service charge estimates are only intended as a guide. Office space is often available with costs outside these guidelines. Negotiated rent free incentives will often make the net effective rent, lower than the above estimates. Business rates payable will vary from year to year, changing each April, due to annual changes in the Uniform Business Rate. Higher rates are paid for brand new buildings. |
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| Conventional Lease (per ft2 per year) | |
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| Rent | £70 |
| Rates | £26 |
| Service Charge | £9 |
| Total Cost | £105 |
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Serviced offices provide an all-inclusive fully furnished solution with telecoms, internet and power and business rates all included in the monthly rent.
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| Serviced Space (per desk, per month) | |
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| Total Cost | £650 |
Compare office rent in Covent Garden to rent other London locations.
Use the office space calculator to work out how much space you need, and how much it will cost to rent office space in Covent Garden.
It's very, very popular with the young, so if you're a company that has a lot of 35 and under employees, Covent Garden is quite an interesting location to look at.
Covent Garden: a commercial guide for businesses looking for office space in London
Michael Fraser:Covent Garden is West of Soho and West of Holborn, which some people call Midtown. One of its main attractions is Charing Cross Station, which serves a huge area from a transport point of view. Then the area has many tube stations, again hard to be far away from one of them.
The background to Covent Garden was at the centre of it, now called the Piazza, was the old fruit and veg market. This was redeveloped some years ago and it has to be said redeveloped in a fabulously successful way, and is now retail, food and the Piazza itself. Where there’s a lot of, I think what’s called, street entertainment, which if you happen to be passing is absolutely wonderful to watch some of the things that people do there.
But what’s particularly interesting about Covent Garden as a office location is that it’s very, very popular with the young. Covent Garden has all the offers of retail, food, lots of other things that make the young really like it. So if you’re a company that has a lot of 35 and under employees, Covent Garden is quite an interesting location to look at. ‘Cause your staff will be happy with it and you may find it easier to attract more staff because that’s where you are.
We have one company who we’ve dealt with for years, who moved there, specifically for that reason and it’s been a great success. Generally all types of offices are available in Covent Garden, grade A, middle of the road, and more modest space. So really the main thing of interest about the area is the old market and the Piazza, which for me it reminds me very much of Faneuil Hall in Boston, which was a very similar redevelopment. Though I’m not quite sure whether Faneuil Hall or Covent Garden was done first.
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Available Offices in Covent Garden
A snapshot of the latest commercial property in Covent Garden
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Contemporary warehouse style Grade A office space newly refurbished period property offering an exceptional working environment over the 1st, 2nd and 3rd floors of this mixed use building. The welcoming entrance way leads to a repositioned lift core and feature staircase. Situated in an enviable Central London location, Monmouth House is surrounded by the vibrant and varied amenities of Seven Dials including hip venues such as Timberyard Café, award winning restaurant L’Atelier de Joël Robuchon and independent bar The Escapologist, as well as the colourful calm of Neal’s Yard, all just minutes from the building.
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This iconic building has recently been completed to provide 95,000ft2 of new Grade A offices over seven floors and 17,000ft2 of retail space. The available space will be fully fitted to a high quality, benefitting from its own double door entrance directly from the lift lobby with stunning views over London.
The unit will be available from the end of November 2017.
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It is currently undergoing a comprehensive refurbishment and will deliver in Q3 2016. The specification will be offer occupiers both contemporary finishes with the Grade A office specification expected.
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Top floor office of 4,430ft2 undergoing Grade A refurbishment. Featuring large 1,100ft2 demised terrace, impressive manned reception, showers and locker storage facilities.
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The Grade II listed building provides refurbished, Grade A office accommodation which are accessed via a grand reception. The building occupies a virtual island site on the west side of Kingsway at the junction of Wild Street.
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Mainly open plan good quality space with a number of meeting rooms/offices.
Either assignment of the existing lease until January 2024 subject to a tenant only break and rent review in January 2019 with offers in excess of £100,000. Alternatively a sublease until January 2019.
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The building is arranged over ground and 8 upper floors. Access into the building is via a smart re-modelled manned reception, with two lifts that serve all the office floors. The suite can be offered fully fitted providing: a reception, large boardroom, five cellular offices, print area, comms room and a kitchen. Alternatively, the suite can also be offered fully refurbished.
The property has undergone a rolling refurbishment since 2005 with the most recent refurbishment taking place on the 4th - 6th floors in 2013 and the 7th floor in 2015.
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The available space is small and bright, benefitting from large windows providing excellent natural light. It comprises three separate office rooms with kitchen, WC and central heating.
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The part floor has been fitted out to provide a bright air conditioned open plan office space with meeting room use available by separate arrangement.
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£25.00 per ft2 for a sublease until October 2018 or an assignment at a passing rent of £56.39 per ft2
About Covent Garden
Covent Garden is situated east of Soho, north of the River Thames and west of Holborn at the beginning of London’s Midtown area which occupies the space between the West End and the City of London.
Covent Garden is one of London’s best office locations, with world class restaurants, shops, leisure facilities and great communications.
Once home to London’s main fresh fruit and vegetable market, the centrally located original buildings have been converted into a vibrant retail area, containing restaurants, shops and a central piazza. Quality street theatre and buskers are a regular and highly visible feature of Covent Garden life which draws in the tourists.
Covent Garden also boasts the Royal Opera House, Theatre Royal Drury Lane, and the London Transport Museum.
Offices in Covent Garden are attractive to a wide range of businesses, largely due to the area’s contemporary cultural atmosphere, particularly valuable when the occupier’s workforce is predominantly young.
Covent Garden office space is of good stock, mostly ranging from medium to top quality with air conditioning. This type of space is mainly on – or close to – the Strand, where the world-renowned Savoy Hotel is located.
Demand for coworking and serviced offices in Covent Garden is rising rapidly. Businesses needing speed and flexibility above all else are far more likely to opt for a serviced office in Covent Garden, mirroring the trend across London. Also gaining popularity are short term access to meeting rooms in Covent Garden and virtual offices: a Covent Garden business address, without the physical office. Kudos, without the expense!
Rents and occupancy costs for office space in Covent Garden are less than Mayfair offices, and similar to Soho space.
Map of Covent Garden
Tube Stations
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Covent Garden
- Piccadilly
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Leicester Square
- Northern
- Piccadilly
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Embankment
- Bakerloo
- Circle
- District
- Northern
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Charing Cross
- Bakerloo
- Northern
National Rail Stations
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London Charing Cross
Bike Docking Stations
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Southampton Street, Strand
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Tavistock Street, Covent Garden
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William IV Street, Strand
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Wellington Street , Strand
Leisure & Culture in Covent Garden
- Bars & Pubs: Dirty Martini, The Harp
- Restaurants: Balthazar, Hawksmoor, J Sheekey, Dishoom
- Health & Fitness: Fitness First, Soho Gyms
Business in Covent Garden
- Highly attractive business location, because of Covent Garden’s contemporary cultural atmosphere.
- Central location with excellent communications
- Good stock of office space – from medium to top quality with air conditioning, including serviced and co-working offices
- Office Rents are lower than Mayfair, and similar to Soho
Types of Office available in Covent Garden
These types of office can all be found in Covent Garden:
Popular Business Addresses in Covent Garden
The most sought after office locations within Covent Garden include:
Near Covent Garden
Other commercial office locations near Covent Garden
Featured Offices in Covent Garden
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Adam Street, Covent Garden, London WC2N
Serviced Office Meeting Rooms- Prime Charing Cross
- Flexible Terms
- Fully Furnished
- IT & Telephony
- Historic Look
- Unbranded
- Meeting Rooms
- Presentation Space
- Close to Station
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Savoy Street, Covent Garden, London WC2E
Serviced Office Meeting Rooms- Prime Charring Cross
- Flexible Terms
- Fully Furnished
- IT & Telephony
- Meeting Rooms
- Manned Reception
- 24/7 Access
- Newly Refurbished
- NO DEPOSIT
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Shaftsbury Avenue, Covent Garden, London WC2H
Serviced Office Coworking Office Meeting Rooms- Prime Covent Garden
- Flexible Terms
- Fully Furnished
- IT & Telephony
- Co-Working Space
- Private Office Space
- Meeting Rooms
- Break-Out Areas
- Games Room
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High Holborn, Covent Garden, London WC1V
Leased Office- Air Conditioning
- Atrium
- Car spaces
- LG7 Lighting
- 2+ Lifts
- Showers
- Suspended Ceilings
- Raised Floors <140mm
