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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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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
    • Coworking
    • Managed
    • Meeting Rooms
    • Serviced
    Worship Street, Shoreditch, EC2A 2DW
    from £650.00

    Fully refurbished to Grade A specification, this beautiful workspace provides occupiers with prime office space in the heart of Shoreditch, EC2. Benefiting from air conditioning and with dedicated ki…
    Find out more...

  2. Shoreditch
    • Serviced
    Great Eastern Street , Shoreditch, EC2A 3EP
    £POA

    A beautiful self-contained Victoria warehouse totalling 1800 sq ft. spread over 2 floors, this space is located in the heart of Shoreditch. The space benefits from a ground floor, street-facing façad…
    Find out more...

  3. Shoreditch
    • Managed
    • Meeting Rooms
    Brunswick Place, Old Street, EC1V 9PE
    from £900.00

    A perfect location for companies in the creative & technological industries, the building is in the creative area of Old Street. In the immediate area you fill find world-class restaurants and an exci…
    Find out more...

  4. Shoreditch
    • Coworking
    • Managed
    • Meeting Rooms
    • Serviced
    Kingsland Road, Shoreditch, E2 8AA
    from £150.00

    Loctaed in the former Shoreditch station building, this Coworking and event space Shoreditch is ideal for Freelancers, Entrepreneurs or Start-ups looking for a base in London's Tech hub. Occupiers can…
    Find out more...

  5. Shoreditch
    • Coworking
    • Serviced
    Shoreditch High Street, Shoreditch, E1 6HU
    from £875.00

    Seven floors of amazingly crafted, people-centred workspaces, news restaurants, street food market & shops & cafés. Montacute Yards is destined to be a new Shoreditch hot spot. Nearby, enjoy colourfu…
    Find out more...

  6. Shoreditch
    • Coworking
    Finsbury Square, Shoreditch, EC2A 1AH
    £POA

    This workspace in East London is a few minutes drive from Silicon Roundabout on Finsbury Square within the Alphabeta Building. Here you will be greeted by a contemporary bicycle ramp from street level…
    Find out more...

  7. 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...

    • Managed
    Canvas Offices, 92, Hoxton Street, Hoxton, London, N1 6LP
    from £250.00

    This compact & enchanting managed office is located only minutes from the vibrant centre of Shoreditch. The office space itself is a self-contained, stand-alone office space offering a retail style wo…
    Find out more...

  8. Shoreditch
    • Coworking
    • Serviced
    Brunswick Place, Old Street, N1 6HR
    from £834.00

    This Business Centre was once a Victorian schoolhouse which has been fully transformed and been given a new lease of life. Boasting 8 floors of flexible and agile workspace this building offers contem…
    Find out more...

  9. The City of London
    • Managed
    Finsbury Square, London, EC2A 1HD
    £POA

    Set on Finsbury Square, a tranquil setting in the heart of the City of London, this workspace comprises 6 floors of fully customisable office space, each circa 15,000sqf to accommodate up to 150 desks…
    Find out more...

Need help with your office search?

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

5
Graham Walsh,
Eleanor Care
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Reviews

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

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Eleanor Care

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

AirX Charter Limited

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

Stobbs IP

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Prospero Group Ltd

They find great space and help us negotiate really good deals

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  • Argon & Co Argon & Co
  • Eleanor Care Eleanor Care
  • AirX Charter Limited AirX Charter Limited
  • Stobbs IP Stobbs IP
  • Prospero Group Ltd Prospero Group Ltd
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