Offices Covent Garden, Serviced Offices

Covent Garden Office Rental Guide

A Price Guide for Renting **Leased** Office Space in Covent Garden
Conventional Lease (per ft² per year)
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.
Rent	£70
Rates	£26
Service Charge	£9
Total Cost	£105

A Price Guide for Renting **Serviced** Office Space in Covent Garden
Serviced Space (per desk, per month)
Serviced offices provide an all-inclusive fully furnished solution with telecoms, internet and power and business rates all included in the monthly rent.
Total Cost	£650

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A quide to Covent Garden in London from a commercial perspective. The guide is aimed at business looking for office space in Covent Garden or London in general.

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.

Show Video Transcript

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

**Covent Garden**
Newly Refurbished First Floor To Let located at Chandos Place, WC2 - Approx. 3,659ft² - New 4 pipe fan coil system - Shower - Lifts - Fibre installation - Manned reception - New lease direct from the landlord - Rent £75 per ft²
**Covent Garden**
First to Third Floors To Let located at Langley Court, WC2 - Approx. 1,459ft² - Cooling in part - Timber floors - Fitted kitchen - Shower facilities - New lease direct from the landlord - Rent £83,500 pax
**Covent Garden**
First Floor To Let located at Lancaster Place, WC2 - Approx. 1,658ft² - Undergoing a comprehensive refurbishment - Air conditioning - River views - Kitchenette - New lighting - Shower - Lift - New lease direct from the landlord - Rent £62.50 per ft² - Service charge £10 per ft²
**Covent Garden**
Comprehensively Refurbished Lower Ground Floor To Let located on the Strand, WC2 - Total area approx. 5,068ft² (can be split from 2,635ft² and up) - Lifts - 40 bike racks - Communal showers - Commissionaire - Air conditioning - New lease direct from the landlord for a term by arrangement - Rent upon application - Service charge £8.60 per ft²
**Covent Garden**
Contemporary Fitted Out 3rd & 4th Floors To Let located on Bow Street, WC2 - Total approx. area 20,315ft², Must Be Let Together - Kitchen & Breakout area - Exposed air conditioning - Raised wooden floors - Commissionaire - 24 hour access & security - Fixtures and fittings may be available subject to separate negotiation - Sublease until January 2024 - Qutoing Rent £67.50 per ft² - Alternatively an assignment of the existing lease at a passing rent of £1,108,140 pa - Capped service charge

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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 co-working 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.

Tube Stations

Covent Garden
- Piccadilly
Leicester Square
- Northern
- Piccadilly
Embankment
- Bakerloo
- Circle
- District
- Northern
Charing Cross
- Bakerloo
- Northern

National Rail Stations

London Charing Cross

Bike Docking Stations

Southampton Street, Strand
Tavistock Street, Covent Garden
William IV Street, Strand
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