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The Hidden Costs of Office Space: A Beginner’s Guide
From The Knowledge

The Hidden Costs of Office Space: A Beginner’s Guide

Discover the often overlooked hidden costs of office space. Learn about additional expenses for both serviced and leased offices to budget accurately and avoid surprises.

Read More

Shoreditch At a glance...

  • London’s digital creative hub centred around Shoreditch High St & Old Street Roundabout
  • Prime location for ambitious tech firms preferring edgy, quirky office spaces.
  • Large corporates & startups coexist – sometimes in the same office building
  • New developments offering large floors to major tenants and small office space for startups – private offices and shared space
  • Quirky, interesting Shoreditch office buildings with natural light, timber beams and  high ceilings – an ideal location for the right type of business
  • Excellent transport links: overground rail from Shoreditch High Street Station & London Underground from Old Street Station
  • AKA Silicon Roundabout and Tech City!
Office Space in Shoreditch
Shoreditch Office Space

Rental Guide for Office Space in Shoreditch

A Price Guide for conventionally leased office rent in Shoreditch

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 £20
Service Charge £15
Total Cost £90
A Price Guide for renting serviced Shoreditch office space

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 £500

Compare office rent in Shoreditch 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 Shoreditch office space.

About Shoreditch

Office Space in Shoreditch

Shoreditch is a popular location around Old Street Roundabout reaching further East along Shoreditch High Street.

Creative Shoreditch office space is far more than just a cheaper alternative to offices in Soho or Farringdon & Clerkenwell. And as office rent in Shoreditch rises, they’re not even a cheaper alternative anymore.

Companies in Shoreditch benefit from a creative tech hub which is continuing to attract large and small companies looking for a little bit more. A creative work environment, populated by like-minded people.

Sometimes self-deprecatingly nicknamed Silicon Roundabout and more excitingly Tech City, vibrant Shoreditch has created a bit of a buzz in recent years. Large numbers of innovative tech and creative startups have flocked to Shoreditch – initially because it was markedly cheaper than an office in Soho – traditionally the preferred home of creative industries – but also because Old Street is perceived as a bit edgy and architecturally unusual. Converted buildings with natural light, timber beams and high ceilings make an office in Shoreditch an ideal location for the right type of business. Government investment sealed the area’s reputation as a technology hub and prime location in its own right.

Interesting and quirky office space can be found in Shoreditch. Old warehouse buildings converted into both shared and private office space – for example Derwent London’s Tea Building– are large enough to accommodate an entire cluster of young tech, creative, media and fashion businesses.

New Shoreditch office developments have attracted big businesses such as Yammer, McCANN, digital, Bloomberg, TransferWise & OpenTable. And they are being joined by the energy of smaller companies and startups, sometimes in the same building. Shoreditch has become a melting pot of creativity, making it a hugely popular area for aspiring businesses.

To exploit growing demand for flexible, serviced office space in Shoreditch, coworking specialists WeWork have leased 7 floors at the Tower, by Old Street roundabout. This space has been repackaged and let to small and dynamic companies looking for serviced office space in Shoreditch – on far more flexible terms than they can get from traditional landlords. Most Shoreditch serviced office space operators also offer virtual offices – a virtual business address, without the physical space – as well as flexible meeting room hire.

Occupants of Shoreditch office space benefit from excellent rail & tube transport links (Old Street and Shoreditch High Street Station) and a huge variety of leisure facilities including lots of smaller independent restaurants and shops – all within short walking distance.

Map of Shoreditch

Underground Stations

  • Old Street
    • Northern
  • Moorgate
    • Circle
    • Hammersmith and City
    • Metropolitan
    • Northern

National Rail Stations

  • Old Street
  • Moorgate
  • Shoreditch High Street
  • London Liverpool Street

Bike Docking Stations

  • Old Street Station, St. Luke's
  • Bath Street, St. Luke's
  • Baldwin Street, St. Luke's
  • Leonard Circus , Shoreditch

Business in Shoreditch

  • Technohub cluster centred on Old St Roundabout in Shoreditch
  • Excellent rail and tube transport links with easy access to the City and other London areas.
  • Heady mix of established businesses and energy of smaller startups – often under the same roof.
  • Offices in Shoreditch: ideal for creative and tech startups
  • Excellent Networking opportunities in coworking space

Leisure & Culture in Shoreditch

Popular Business Addresses in Shoreditch

The most sought after office locations within Shoreditch include:

Office Types available to rent in Shoreditch

These types of office can all be found in Shoreditch:

Nearby Areas

Other commercial office areas located close to Shoreditch

  1. Shoreditch
    • Managed
    Corsham Street, Old Street, N1 6DR
    from £450.00

    These offices at Corsham Street greatly benefit from large elegant windows with high ceilings providing beautiful natural light filled spaces. The offices which are located just a 2 minute walk from O…
    Find out more...

  2. Shoreditch
    • Coworking
    • Managed
    • Meeting Rooms
    • Serviced
    Bonhill Street, Shoreditch, EC2A 4BX
    from £400.00

    Sitting in the heart of London's Silicon Roundabout, this beautifully designed creative workspace, full of colour, space and ample natural light, also featuring a beautiful courtyard that is shared wi…
    Find out more...

  3. 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...

  4. Shoreditch
    • Coworking
    • Serviced
    Great Eastern Street, Shoreditch, London, EC2A 3EJ
    from £875.00

    This stunning property, located on Great Eastern Street, has undergone an extensive refurbishment to provide best in class, design-led, community-led, flexible workspace in the heart of Shoreditch. …
    Find out more...

  5. Shoreditch
    • Coworking
    • Serviced
    Brunswick Place, Old Street, N1 6EB
    from £350.00

    We provide fantastic locations to work throughout Central London. The aim is simple. To help your company achieve success somewhere better for less. We do this by designing & creating quality workspac…
    Find out more...

  6. Shoreditch
    • Managed
    Curtain Road, Shoreditch, EC2A 3BX
    from £688.00

    This exciting contemporary managed office space is well-located on Curtain Road within 5 minutes walk of Liverpool Street & the City and just 9 minutes to Old Street. The building boasts the Curtain T…
    Find out more...

  7. Shoreditch
    • Coworking
    • Managed
    • Meeting Rooms
    • Serviced
    Old Street, Old Street, EC1V 9BP
    from £600.00

    These impressive offices near Old street are ideally located in the heart of London's Tech Hub. Featuring self-contained floors of up to 5,000 square feet, all oozing natural light and benefitting fro…
    Find out more...

  8. The City of London
    • Meeting Rooms
    • Serviced
    Finsbury Avenue, Liverpool Street, London, EC2M 2PA
    £POA

    Located in the heart of Broadgate, a stones throw from Liverpool Street, this flexible workspace offers a diverse community connecting innovation and finance. The building reception space is a strikin…
    Find out more...

  9. Shoreditch
    • Meeting Rooms
    • Serviced
    Great Eastern Street, Shoreditch, London, EC2A 3HZ
    from £550.00

    Situated in a beautiful, period and prominent corner building in the heart of Shoreditch, this trendy workspace has been refurbished to offer a contemporary working environment with everything you'd e…
    Find out more...

  10. The City of London
    • Coworking
    • Leased
    • Managed
    • Serviced
    Ropemaker Street, Moorgate, EC2Y 9HT
    from £600.00

    Within a landmark City of London office block, you will find a flexible working centre designed to encourage collaborative work in a creative environment. More tech and creative than the City's tradit…
    Find out more...

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or call +44 20 7484 9266

Fast, efficient and imaginative!

5
Stuart Holmes,
AFEX
More client reviews

Reviews

AirX Charter Limited

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

VEON

Excellent service from the team at Find a London Office!

Prospero Group Ltd

They find great space and help us negotiate really good deals

Stobbs IP

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

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.

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

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