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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.

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Kensington & Chelsea At a glance...

  • Located to the west and south-west of the main West End business districts
  • High cost housing together with a plethora of shops and restaurants
  • Home to open spaces such as Kensington Gardens, the Albert Hall and world famous museums
  • Limited supply of very best air conditioned office space in London as well as serviced, flexible space
  • Good communications with the West End, with lower rent than the traditional West End office locations.
Offices in Kensington & Chelsea
Office Space In Kensington & Chelsea

Many of the companies who do have offices there...because, frankly, the owners or the senior executives live in the area and they can walk to work!

Kensington & Chelsea: a commercial guide for businesses looking for office space in London
Michael Fraser:

Kensington starts where Knightsbridge finishes. It’s basically an area southwest and west of main west end business district. It’s easy to get to, plenty of tubes there. No main line, but plenty of tubes. It’s largely an expensive housing area with sporting, retail, and restaurants. It’s been that type of housing for centuries. The result of this is that the planners have been fairly tight, and haven’t allowed much in the way of redevelopment, so the stock of grade A or very good offices is quite low. Offices actually can be quite difficult to find here. Many of the companies who do have offices there, they’ve chosen that because, frankly, the owners or the senior executives live in the area and they can walk to work!

What’s good about the area? Well, it’s just very beautiful, well maintained. There’s the Albert Hall, Albert Memorial. Then of course there’s Kensington Palace Gardens, where one reports says you can get a house there for 19 million, another says it’s 35 million. Either way, it’s an absolute snip if it happens to be in your budget.

Looking for office space in Kensington & Chelsea?
Ben Neale:

If you’re looking for office space in Kensington & Chelsea, please start your search by clicking on the button below.

We have access to every available office on the London market. So please, just tell us roughly how many people you employ and how long you think you’ll need the space for and we’ll do our level best to help you.

Just click the button below to start your office search today.

Rental Guide for Offices in Kensington & Chelsea

A Price Guide for conventionally leased office rent in Kensington & Chelsea

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 £55
Rates £23
Service Charge £15
Total Cost £93
A Price Guide for renting serviced office space in Kensington & Chelsea

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 £650

Compare office rent in Kensington & Chelsea 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 Kensington & Chelsea.

About Kensington & Chelsea

Offices in Kensington & Chelsea

Located to the west and south-west of the main West End business districts, the Royal Borough of Kensington is home to the Albert Hall, The Natural History Museum, Science Museum ,the V&A, The Royal Colleges of Art and Music and Imperial College London.

Kensington and Chesea are both dominated by residential and retail space – high cost housing and a plethora of shops, restaurants alongside large open spaces such as Kensington Gardens. Traditionally, neither were generally considered as ideal office locations.

However as both Kensington and Chelsea have good communications with easy access to the West End, they have become more popular as cost-effective alternative office locations. It’s no longer unheard of to desire a Chelsea harbour office or an office in High Street Kensington!

Leased office space in Kensington and Chelsea is available – ranging from the very best air-conditioned space down to more modest offices. Flexible, serviced offices in Kensington and Chelsea are also increasingly in demand. However, as supply is short for all types of space, finding an office to rent in Chelsea or Kensington remains challenging. A virtual office, combined with flexible meeting room hire – providing you with a sought after Kensington or Chelsea business address without the the permanent physical space – can be an attractive alternative…for the right type of business, of course.

Increased popularity and acceptance of Kensington and Chelsea as genuine office locations has added upward pressure on rents, but the costs are still notably below those of the neigbouring West End business districts: Mayfair, St James’s, Soho and Covent Garden, for example.

Map of Kensington & Chelsea

Underground Stations

  • High Street Kensington
    • Circle
    • District
  • Gloucester Road
    • Circle
    • District
    • Piccadilly
  • Notting Hill Gate
    • Central
    • Circle
    • District

National Rail Stations

  • Kensington (Olympia)
  • West Brompton
  • London Paddington
  • Shepherds Bush

Bike Docking Stations

  • Derry Street, Kensington
  • Wright's Lane, Kensington
  • Kensington Church Street, Kensington

Leisure & Culture in Kensington & Chelsea

Business in Kensington & Chelsea

  • Good communications with the West End – well served by the London Underground
  • Lower rent than the traditional West End office locations
  • Proximity to the World Famous Museums

Popular Business Addresses in Kensington & Chelsea

The most sought after office locations within Kensington & Chelsea include:

Office Types available to rent in Kensington & Chelsea

These types of office can all be found in Kensington & Chelsea:

Nearby Areas

Other commercial office areas located close to Kensington & Chelsea

  1. Kensington & Chelsea
    • Meeting Rooms
    • Serviced
    Holland Street, Kensington, W8 7JB
    £POA

    This premium serviced office is located just off Kensington High Street, offering Grade A office space on flexible terms. The building has been extensive refurbished to stunning specification, with al…
    Find out more...

  2. Kensington & Chelsea
    • Meeting Rooms
    • Serviced
    Kensington Church Street , Kensington, W8 4BA
    from £287.00

    Combining a classic period building and contemporary interior design, this stunning serviced office in Kensington is not to be missed. Boasting the latest in technological infrastructure and modern of…
    Find out more...

  3. Kensington & Chelsea
    • Managed
    • Serviced
    Kensington High Street, Kensington, W8 6BA
    £POA

    This is truly a bespoke, unique, contemporary office space, located only a 3 minute walk from Kensington High Street Underground Station. If you're wanting to bike to the office, this location has bic…
    Find out more...

Need help with your office search?

  • Michael Fraser
  • Ian Kitchener
  • Jamie Robotkin
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
Read the case study

Reviews

Eleanor Care

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

Prospero Group Ltd

They find great space and help us negotiate really good deals

AirX Charter Limited

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

Stobbs IP

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

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.

VEON

Excellent service from the team at Find a London Office!

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

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