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Robert Grays,
Prospero Group Ltd

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6 ways to save money on office space in London
From The Knowledge

6 ways to save money on office space in London

If your business is based in London, running an office is probably one of your biggest costs, second only to staff salaries. Here are our top 6 tips to save money on London office space. Some of them may seem obvious, but when our clients consider all of them, we have always helped them make significant savings.

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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. Mayfair
    • Managed
    60 Grosvenor Street, London, W1K 3HZ
    £POA

    Situated moments from historic parks, Berkeley Square, Grosvenor Square, Bond Street and Oxford Street and in close proximity to some of the finest hotels, restaurants and shops London has to offer. …
    Find out more...

  2. Oxford Street
    • Managed
    • Serviced
    Eastcastle Street, Fitzrovia, W1W 8DW
    from £520.00

    An exciting opportunity to take a superbly refurbished 857sqft office in a quiet location near London's prime area of Oxford Street. This well-located large office space for rent in Fitzrovia is only …
    Find out more...

  3. 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...

  4. Marylebone
    • Serviced
    Portman Close, London, W1H 6BS
    from £400.00

    Located just off Portman Square in the heart of Marylebone, this prominent period property offers a blend of heritage and modernity, with newly refurbished office space to rent on flexible terms. …
    Find out more...

  5. 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...

  6. Marylebone
    • Managed
    Clarendon BC, 3, Chandos Street, Marylebone, London, W1B 1PN
    £POA

    This serviced office to rent in Marylebone connects Chandos Street to Cavendish Square and is conveniently located in the heart of London's West End, a stone's throw from Oxford Circus and Regent St…
    Find out more...

  7. Oxford Street
    • Coworking
    • Leased
    • Managed
    • Meeting Rooms
    • Serviced
    Great Portland Street, Fitzrovia, W1W 5PL
    from £650.00

    Originally constructed in 1913 for Smiths Industries, this building has a rich history and was where the first ever Speedometers for the motor car we made. Having been extensively refurbished in 2015,…
    Find out more...

  8. Oxford Street
    • Managed
    • Serviced
    Rubix London, 11, Argyll Street, Oxford Circus, London, W1F 7TH
    from £800.00

    A characterful office building with recently refurbished bright workspaces only a stones throw from Oxford Circus underground Station. The local area provides a diverse range of independent coffee sho…
    Find out more...

  9. Marylebone
    • Serviced
    Duke Street, Marylebone, London, W1U 1JY
    from £554.00

    This Duke Street location is prominently located on the intersection between Marylebone & Mayfair. Duke Street itself stretches from Grosvenor Square in Mayfair down to Manchester Square in Marylebone…
    Find out more...

  10. Oxford Street
    • Coworking
    • Managed
    • Meeting Rooms
    • Serviced
    Newman Street, Fitzrovia, W1T 1PT
    from £700.00

    Extensively refurbished to the highest specification, these stunning Fitzrovia offices occupy the Lower Ground and 5 upper floors, offering office to rent Fitzrovia, all delivered fully furnished to G…
    Find out more...

Need help with your office search?

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

We can’t thank the team enough for listening to our needs and delivering above our expectations

5
Jacky Bedlow,
Alpha Rooms
More client reviews

Reviews

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

Stobbs IP

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

Prospero Group Ltd

They find great space and help us negotiate really good deals

VEON

Excellent service from the team at Find a London 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.

AirX Charter Limited

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

Eleanor Care

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

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