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Aerospace Technology Institute

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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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Oxford Street At a glance...

  • North of Oxford Street, often called Fitzrovia or Noho
  • North of Mayfair and Soho, generally seen as being just outside the West End.
  • Top quality offices with air conditioning and a wide variety of more modest office space
  • High quality serviced office space along Oxford Street.
  • Home to Harley Street and Broadcasting House
  • Apart from Oxford Street itself, rents to the south are similar to Mayfair, increasing the further north you go.
Office in Oxford Street
Office Space In Oxford Street

It's almost two kilometers long, it's got four tube stations and it's obviously got world renowned retailers like John Lewis and Selfridges.

Oxford Street: a commercial guide for businesses looking for office space in London
Ian Kitchener:

When people talk to us about Oxford Street, they’re generally talking about the area to the north of Oxford Street where there are lots of offices, but the street itself is pretty interesting. It’s almost two kilometers long, it’s got four tube stations and it’s obviously got world renowned retailers like John Lewis and Selfridges.

The area, historically, to the north of Oxford Street was regarded as slightly outside core, it used to be populated by companies in the Schmatta business, providing garments to the neighbouring retailers, and also lots of medical users in and around Harley Street. There are all kinds of occupiers, well known occupiers, like the BBC. There’s the Langham Hotel and lots of advertising agencies, and offices for every kind of company from tiny to very large corporates.

My favorite location is probably the café in Villandry or maybe my cycle shop in Velorution, or maybe playing ping pong outside the BBC’s headquarters.

Looking for office space in Oxford Street?
Ben Neale:

If you’re looking for office space in Oxford Street, 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 Office in Oxford Street

A Price Guide for conventionally leased office rent in Oxford Street

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 £70
Rates £32
Service Charge £15
Total Cost £117
A Price Guide for renting serviced office space in Oxford Street

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 Oxford Street 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 Oxford Street.

About Oxford Street

Office in Oxford Street

When business people ask us to find them an office in Oxford Street, they usually mean the area north of Oxford Street itself. The area below Oxford Street is either Mayfair or Soho. More recently – and controversially for some – you may hear requests for “Noho office space” or “serviced offices in Noho”, whilst other will talk about “office space in Fitzrovia”.

The area runs from Oxford Street in the south right up to Marylebone Road and Euston Road. Whilst generally perceived as being just outside the West End core, it provides a wide variety of office space – both leased and serviced – from top grade offices with air conditioning down to the most modest space.

Oxford Street itself of course is famous throughout the world for retail, but offices are sometimes available above the shop floors. In particular, quality serviced office space can be found along Oxford Street – often with flexible meeting rooms for hire. More often than not, this will be set up as modern, co-working or shared office space interior behind the original Edwardian architecture façade. And for cost-conscious start-ups, a virtual office in Oxford Street will give you business address with a world-famous name, without the expense of a physical office in London.

An office in Oxford Street is perfect for the right type of business – attracted by the close proximity of famous designer outlets and department stores (Selfridges, John Lewis, House of Fraser)  or the plethora of boutiques and cafés in the many side streets.

The area to the north of Oxford Street is primarily an office location, but also incorporates a wide variety of other uses including residential, retail and leisure. The area in and around Harley Street is famous for its private medical clinics and consulting rooms. The BBC’s Broadcasting House  – newly extended, refurbished and reinvented for the digital age – is located on Upper Regent Street opposite the Langham Hotel.

Office rents at the lower part of this area are fairly similar to Mayfair, but they tend to decrease the further north you go. The exception to this trend is office space along Oxford Street itself where rents tend to be on the lower side.  A stone’s throw from the tube station at Oxford Circus, serviced offices here represent excellent value for money.

Communications are good, with Marylebone and Euston Station to the north and London Waterloo a short tube journey to the south, via Oxford Circus station. Bond Street and Tottenham Court Road tube stations are currently being upgraded for the Elizabeth Line (Crossrail) – opening in December 2018 – which will provide fast connections to Heathrow in the west and Canary Wharf in the east.

Map of Oxford Street

Underground Stations

  • Oxford Circus
    • Bakerloo
    • Central
    • Victoria
  • Bond Street
    • Central
    • Jubilee
  • Regent's Park
    • Bakerloo

National Rail Stations

  • London Marylebone
  • London Euston

Bike Docking Stations

  • Broadcasting House, Marylebone
  • Chapel Place, Marylebone
  • New Cavendish Street, Marylebone
  • Marylebone Lane, Marylebone

Business in Oxford Street

  • Top quality office space with air conditioning.
  • Wide variety of more modest offices.
  • North of Oxford Street is primarily an office location, but also home to residential, retail and leisure.
  • Oxford Street itself has some high quality serviced and co-working office space above the shop floors.
  • Close to major department stores and fashion outlets as well as boutiques and cafés in the side streets
  • Rents to the south are similar to Mayfair, reducing the further north you go, except for Oxford Circus and Oxford Street.

Office Types available to rent in Oxford Street

These types of office can all be found in Oxford Street:

Popular Business Addresses in Oxford Street

The most sought after office locations within Oxford Street include:

Nearby Areas

Other commercial office areas located close to Oxford Street

  1. Oxford Street
    • Coworking
    • Managed
    • Meeting Rooms
    • Serviced
    New Cavendish Street, Fitzrovia, W1G 7AR
    from £700.00

    Situated between Marylebone Village & Fitzrovia, these West End offices to are rent available on flexible terms. Brand new to market and offering a stunning working environment they will be sure to ge…
    Find out more...

  2. Marylebone
    • Coworking
    • Managed
    • Meeting Rooms
    • Serviced
    Kenrick Place, Marylebone, W1U 6HD
    from £700.00

    Just released to market, this brand new serviced office in the heart of stylish Marylebone provides stunning boutique office space, available of flexible all-inclusive terms. Offering 6 private office…
    Find out more...

  3. Mayfair
    • Managed
    Oxford Street, Mayfair, W1C 2NB
    from £400.00

    If your seeking a new home for your business, rent serviced offices in Mayfair with excellent transport links. Perfectly located right beside Bond Street station, in the electric buzz of Oxford Street…
    Find out more...

  4. Oxford Street
    • Serviced
    Great Titchfield Street, Fitzrovia, W1W 5BB
    £POA

    Douglas House with office space to rent in Fitzrovia is a stunning example of 1930's architecture and design. A energised work environment fusing art deco features with contemporary interiors and furn…
    Find out more...

  5. Marylebone
    • Managed
    David Mews, London, W1U 6EG
    from £550.00

    Located in the heart of Marylebone, this period property in David Mews boasts an enviable business address. Offering six contemporary private office suites, all fully furnished to a high specification…
    Find out more...

  6. Soho
    • Managed
    • Serviced
    Situu, 58-59, Great Marlborough Street, Soho, London, W1F 7JY
    from £866.00

    Recently refurbished, self-contained London office space located in the centre of Soho area, which is surrounded by a plethora world-class restaurants, bars and retailers and close to Liberty's & Carn…
    Find out more...

  7. Mayfair
    • Serviced
    Hanover Square, Mayfair, W1S 1HT
    from £950.00

    This elegant period building nestled in the north side corner of Hanover Square, boasts stunning boutique private office suites and co-working space, only a brief stroll from Oxford Circus and Bond St…
    Find out more...

  8. Mayfair
    • Coworking
    • Managed
    • Meeting Rooms
    • Serviced
    Brook Street, Mayfair, W1K 4HJ
    from £999.99

    Occupying a prominent position on Brook Street, in the heart of London's Mayfair, between New Bond Street and Davies Street, and part of the Claridges estate, this beautifully fitted self-contained pe…
    Find out more...

  9. Oxford Street
    • Coworking
    • Serviced
    Wells Mews, Fitzrovia, W1T 3HF
    £POA

    This Centre opened in 2021 and it doesn't get much better than this. Dazzling workspace set over 6 floors of state-of-the-art office space in Fitzrovia, plus tech-enables meeting rooms. Our wellbeing…
    Find out more...

  10. Marylebone
    • Meeting Rooms
    • Serviced
    Mandeville Place, Marylebone, London, W1U 3AY
    from £560.00

    This Victorian red brick property, in the heart of Marylebone, was extensively rebuilt in 1990 and has just undergone a complete internal refurbishment to provide circa. 20,000sqf of high specificatio…
    Find out more...

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We would have no hesitation in recommending Find a London Office

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Martin Flint,
Risk Analysis
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