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Serviced office or conventional lease? A beginners guide
From The Knowledge

Serviced office or conventional lease? A beginners guide

Learn the key differences between serviced offices and a conventional lease to help you decide what's best for your business.

Read More

Farringdon & Clerkenwell At a glance...

  • The City’s cooler cousin, situated to its north and east of Holborn  
  • Home to businesses who prefer a more creative work environment, a mix of big companies and small co-working startups
  • Sizeable residential population, so it stays alive after work, with good shops and restaurants
  • Home to the arts at Sadler’s Wells and the Barbican
  • Farringdon Station will become one of the busiest in the UK when the Elizabeth Line opens in Dec 2018.
Farringdon Offices
Office Space In Farringdon & Clerkenwell

the city's cooler cousin...full of warehouse types of office buildings, with high ceilings, lots of light, exposed surfaces....it really attracts people in the creative industries.

Farringdon & Clerkenwell: a commercial guide for businesses looking for office space in London
Ian Kitchener:

Farringdon is the city’s cooler cousin. It’s east of Holborn, north of the city, and it’s already got very good communications. It’s got Barbican station and Farringdon station, and Farringdon itself is going to get quite a lot better in December 2018 when they finally open the Elizabeth line.

The area, years ago, or in the last century was pretty industrial, pretty inner-city. But in the late 1990s, developers really saw an opportunity to bring residential and office spaces to life there, to create what they then called “loft living”. Today it is full of warehouse types of office buildings, with high ceilings, lots of light, exposed surfaces. And it really attracts people in the creative industries.

My favorite spot in Clerkenwell is an unusual spot, it’s a medieval graveyard in the north side of St. John’s Square in the heart of Farringdon.

Looking for office space in Farringdon & Clerkenwell?
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Rental Guide for Farringdon Offices

A Price Guide for conventionally leased office rent in Farringdon & Clerkenwell

NB. Leased office rents, rates and service charge are quoted 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 quoted in the City of London financial district is assumed not to be in a tower, where rents can be significantly more expensive

Conventional Lease (per ft2 per year)
Rent £60
Rates £20
Service Charge £15
Total Cost £95
A Price Guide for renting serviced office space in Farringdon & Clerkenwell

NB. Serviced office rents are quoted per desk per month.

Serviced offices provide an all-inclusive fully furnished solution with telecoms, internet and power and business rates all included with the rent in a single monthly payment. Office rental rates exclude VAT.

Serviced office rental costs also apply broadly to co-working office space.

Serviced Space (per desk, per month)
Total Cost £600

Compare office rent in Farringdon & Clerkenwell 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 Farringdon & Clerkenwell.

About Farringdon & Clerkenwell

Farringdon Offices

Farringdon & Clerkenwell lie east of Holborn and north of the City of London. Historically the area more an industrial than an office location. Indeed, Farringdon still houses Smithfield Meat market, one of the largest meat markets in Europe. Fashionably, Farringdon and Clerkenwell have now come to be regarded as the City’s cooler, neighbouring cousin!

Since office and residential demand expanded in the 1990s, developers saw the potential to convert industrial buildings to provide “loft living” and desirable office space with a “warehouse” feel. Despite a few cyclical dips in the market, Farringdon and Clerkenwell have never looked back.

Notably, the majority of tenants looking for Farringdon office space generally want a more creative work environment, whether that is traditionally leased office space or a flexible, serviced office. Warehouse-type offices in Farringdon offer flexible, open-plan spaces with good natural light and generous floor to ceiling heights. Additionally, exposed surfaces with windows unimpeded by suspended ceilings and floors uncovered by carpet tiles fit the bill for many creative businesses!

Responding to dramatically increased popularity of serviced offices, Clerkenwell & Farringdon offers the full range of flexible space – including shared, co-working space. Additionally, flexible meeting room hire combined with a virtual office allow startups to establish a presence in Farringdon & Clerkenwell, without the cost of renting an ongoing physical office space.

Because of sizeable residential population, Farringdon and Clerkenwell remain alive after hours and over the weekend. The area has good local restaurants, ranging from “greasy spoons” to fancy French restaurants, numerous pubs and bistros. Furthermore, most of the shops are independent retailers, rather than the usual high street chains. For the Arts, Sadler’s Wells hosts world leading ballet and dance companies. And the area is also home to a host of cultural facilities at Barbican.

Without a doubt, radically improved communications will prompt more companies rent Farringdon office space. National and tube services are already available at Barbican Station and Farringdon Station. In addition, in December 2018 the Elizabeth Line (Crossrail) will open at Farrindon, transforming it into one of the busiest stations in Britain, with over 140 trains passing though per hour. The Elizabeth Line will connect with existing Thameslink and the London Underground lines at Farringdon. Most importantly, travel times to other parts of central London – Paddington, Oxford Street, Bloomsbury and Canary Wharf – as well as suburban London and Heathrow Airport will be hugely improved.

 

Map of Farringdon & Clerkenwell

Underground Stations

  • Farringdon
    • Circle
    • Hammersmith and City
    • Metropolitan
  • Barbican
    • Circle
    • Hammersmith and City
    • Metropolitan

National Rail Stations

  • Farringdon

Bike Docking Stations

  • Clerkenwell Green, Clerkenwell
  • Berry Street, Clerkenwell

Business in Farringdon & Clerkenwell

  • All types of office accommodation from small studios to large corporate buildings
  • Desirable creative office space with a “warehouse” feel, for leased space, serviced and co-working space.
  • December 2018 – Elisabeth Line (Crossrail) will open connecting Farringdon with key locations across London from East to West – with greatly reduced travel times

Leisure & Culture in Farringdon & Clerkenwell

Popular Business Addresses in Farringdon & Clerkenwell

The most sought after office locations within Farringdon & Clerkenwell include:

Office Types available to rent in Farringdon & Clerkenwell

These types of office can all be found in Farringdon & Clerkenwell:

Nearby Areas

Other commercial office areas located close to Farringdon & Clerkenwell

  1. Farringdon & Clerkenwell
    • Managed
    Albemarle Way, Clerkenwell, EC1V 4JB
    from £310.00

    Only a five minute's walk from nearby Farringdon Tube Station, and just 1 minute from St. John's Square, these modern Clerkenwell office spaces showcase floor-to-ceiling windows giving the rooms maxim…
    Find out more...

  2. Farringdon & Clerkenwell
    • Serviced
    Charterhouse Street, Farringdon, EC1M 6HR
    from £928.00

    Steeped in history, this building built in 1871 was originally a branch residence of the London Joint Stock Bank serving the local meat trade at Smithfield Market. With its period style exterior, the …
    Find out more...

  3. Holborn
    • Meeting Rooms
    • Serviced
    Furnival Street, Holborn, London, EC1N 2LE
    £POA

    Boasting a newly remodelled front facade and a stunning new entrance with Portland stone surround, these Holborn serviced offices to rent have been extensively refurbished to provide self-contained of…
    Find out more...

  4. Holborn
    • Managed
    Furnival Street, London, EC4A 1JQ
    £POA

    Located on the 5th floor, this fully managed, flexible office space comprises 1,200sqf of self-contained offices with ample natural light, accommodating up to 30 desks with fully customisable meeting …
    Find out more...

  5. Shoreditch
    • Coworking
    • Leased
    • Managed
    • Meeting Rooms
    • Serviced
    Old Street, Old Street, EC1V 9AE
    from £450.00

    Newly refurbished to a stunning specification, this creative style office space in Old Street, comprises private office space, with high exposed ceilings with original parquet flooring, all fully furn…
    Find out more...

  6. Farringdon & Clerkenwell
    • Meeting Rooms
    • Serviced
    St. John's Lane, Farringdon, London, EC1M 4BS
    £POA

    Ideally situated and newly refurbished to a stunning specification, these serviced offices in Farringdon provide an inspirational setting for any business. With contemporary office space suitable for …
    Find out more...

  7. Bloomsbury
    • Serviced
    Roger Street, Bloomsbury, WC1N 2JU
    from £890.00

    A stunning courtyard oasis which leads into a cool and sophisticated reception space. The office spaces have been designed to a high-quality specification with brand new M&E throughout. The spacious o…
    Find out more...

  8. Farringdon & Clerkenwell
    • Managed
    Situu, 1, Sans Walk, Clerkenwell, London, EC1 0LY
    £POA

    This is a self-contained ground floor office with it's own front door close to 2 mainline underground stations. Currently available, this office which can accommodate 18 to 25 desks is 1551sqft and in…
    Find out more...

  9. Shoreditch
    • Coworking
    • Meeting Rooms
    • Serviced
    Central Street, Old Street, EC1V 8AB
    £POA

    Located in the heart of Clerkenwell and designed with the utmost attention to detail and with community and collaboration in mind, this stunning, contemporary building offers range of flexible workspa…
    Find out more...

  10. Farringdon & Clerkenwell
    • Coworking
    • Leased
    • Managed
    • Meeting Rooms
    • Serviced
    Snow Hill, Farringdon, EC1A 2AY
    from £500.00

    Stunning boutique style office space located a short walk from Farringdon is run by an independent serviced office operator that pride themselves on personal service and attention to detail. Offic…
    Find out more...

Need help with your office search?

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  • Ian Kitchener
  • Jon Franks
or call +44 20 7484 9266

They have in depth market knowledge, strong negotiating skills and are fun to work with. We will not hesitate to use them next time we need office advice.

5
Alison Walthew,
Argon & Co
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Reviews

AirX Charter Limited

They negotiated a great deal with a better rent free than we were expecting

Huajin (Hongkong) LTD

We are delighted with our new London office and very much look forward working with Jamie and Find a London Office again

Prospero Group Ltd

They find great space and help us negotiate really good deals

Eleanor Care

The whole process was turned around in 2 working days and we are delighted with our new office.

Argon & Co

They have in depth market knowledge, strong negotiating skills and are fun to work with. We will not hesitate to use them next time we need office advice.

Stobbs IP

Find a London Office were fun to work with, knowledgeable, well connected and strong negotiators

VEON

Excellent service from the team at Find a London Office!

  • AirX Charter Limited AirX Charter Limited
  • Huajin (Hongkong) LTD Huajin (Hongkong) LTD
  • Prospero Group Ltd Prospero Group Ltd
  • Eleanor Care Eleanor Care
  • Argon & Co Argon & Co
  • Stobbs IP Stobbs IP
  • VEON VEON
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Completed Deals

40 desk office in Aldgate acquired for a tech company

5 desk office in Clerkenwell acquired for an energy company.

Acquired 6 person office in Baker St for leading tech company