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Renting office space in Outer London – A Beginner’s Guide
From The Knowledge

Renting office space in Outer London – A Beginner’s Guide

Our Beginner's Guide walks you through renting office space in Outer London. Pros & cons, plus key info to make an educated decision.

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The City of London At a glance...

  • The world’s leading financial centre
  • Home to the Bank of England
  • The very best high grade air-conditioned office space, alongside more modest space
  • The Stansted Express between Liverpool Street and Stansted Airport every 15 mins
  • Home to “The Gherkin”, The Cheesegrater”, “The Walkie Talkie” and a host of modern iconic buildings.
  • Close to National Rail and Tube stations
City of London Offices
Office Space In The City Of London

Rental Guide for City of London Offices

A Price Guide for conventionally leased office rent in The City of London

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 £63
Rates £28
Service Charge £15
Total Cost £106
A Price Guide for renting serviced office space in The City of London

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 £550

Compare office rent in The City of London 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 The City of London.

About The City of London

City of London Offices

From the Roman settlement in 1AD until the Middle Ages, the City of London was almost London in its entirely. The modern local governing body – called the City of London Corporation – is probably the oldest elected local authority in the world, with records showing its existence from 1067, a year after the Norman Conquest.

Now the City of London is a small, yet vitally important component part of modern greater London.

Also known as The Square Mile, the City of London is basically the eastern part of the central London business district, located to the east of Holborn, which some call Midtown. The City is the financial centre of London and hence, the financial centre of the UK itself. Notably it houses the Bank of England and the London Stock Exchange. Although many large financial bodies have moved east to Canary Wharf, the City of London continues to be home to financial services, the insurance industry and many of the professions. Many of these businesses are housed in high grade air-conditioned London city offices.

Ordinary quality city office space – which can be quite modest – are also available for rent at lower costs. This enables vital, smaller support companies – who interact with the large corporate occupiers on a daily basis – to rent City of London offices.

These days, start-ups and established businesses alike are more and more likely to choose flexible, serviced office space. Like the rest of the capital, serviced offices in the City of London have radically altered the market in recent years – and you’ll find some stunning serviced office space here. Shared, co-working office space is also now available in the City for dynamic companies who prioritise networking and flexibility. Temporary meeting rooms also provide huge flexibility to small businesses.  Combined with a London City virtual office, start ups can immediately have a presence and a prestigious business address without the overhead costs of permanent physical space.

Communications in the City of London are very good indeed. National rail stations Cannon Street, Moorgate, Fenchurch Street, Liverpool Street are all within a short walking distance of the heart of the City of London.

Along with Bank tube station, Liverpool Street and Moorgate tube stations are all located very centrally within the financial district.

Liverpool Street station services Greater Anglia – including the Stansted Express – the fastest route between Stansted Airport and Central London. Trains depart every 15 minutes and take 47 minutes to or from Stansted.

Docklands Light Railway at Bank Station connects the City to Canary Wharf.

There’s been a massive amount of redevelopment with the Square Mile. Whilst a lot of the period properties remain, behind the period facades you’ll find redeveloped modern offices. The overall impression is of many, very impressive. A host of new tall commercial buildings have been built in the City of London over the past few decades, some with silly, but affectionate nicknames: The Gherkin (30 St Mary Axe), the Cheesegrater (Leadenhall Building) and the Walkie Talkie (20 Fenchurch Street) with its spectacular Sky Garden . Other famous buildings in the City include the Lloyd’s Building, Heron Tower, Tower 42 and the Barbican.

Modern commercial properties sit alongside far older City of London architecture, such as Christopher Wren’s St Paul’s Cathedral (re-built after the Great Fire of London destroyed much of the area in 1666), Goldsmiths’ Hall, Guildhall, Mansion House, Leadenhall Market and the Bank of England itself.

Map of The City of London

Underground Stations

  • Bank
    • Central
    • Northern
    • Waterloo and City
  • Cannon Street
    • Circle
    • District
  • Monument
    • Circle
    • District
  • Mansion House
    • Circle
    • District

National Rail Stations

  • London Cannon Street
  • Moorgate
  • London Fenchurch Street
  • London Liverpool Street

DLR Stations

  • Bank

Bike Docking Stations

  • Bank of England Museum, Bank

Leisure & Culture in The City of London

Business in The City of London

  • World class financial location
  • Office occupiers from the financial services, the insurance industry and many of the professions
  • Wide range of office types – from the very best, high grade air conditioned office buildings to more ordinary stock at lower rents
  • Stansted Express – the fastest route between Stansted Airport and Liverpool Street station – departing every 15 minutes and taking 47 minutes to/from Stansted.

Popular Business Addresses in The City of London

The most sought after office locations within The City of London include:

Office Types available to rent in The City of London

These types of office can all be found in The City of London:

Nearby Areas

Other commercial office areas located close to The City of London

  1. The City of London
    • Coworking
    • Managed
    • Meeting Rooms
    • Serviced
    Bishopsgate, Liverpool Street, EC2N 3AR
    from £385.00

    Bringing a unique and pioneering concept to the market, this London shared office space brings together a community filled with some of London's best and brightest innovators. Offering a mix of cr…
    Find out more...

  2. The City of London
    • Serviced
    Mark Lane, Fenchurch Street, London, EC3R 7NQ
    from £700.00

    Located opposite Fenchurch Street station, this property on Mark Lane has undergone an extensive refurbishment to provide stunning serviced offices to rent in the heart of the city of London. Brand ne…
    Find out more...

  3. The City of London
    • Coworking
    • Leased
    • Managed
    • Meeting Rooms
    • Serviced
    Cheapside, Bank, EC2V 6DN
    from £630.00

    This stunning business centre in the heart of Bank, EC2 providing a plethora of office space all with ample natural daylight throughout due to floor-to-ceiling windows and the full length central atri…
    Find out more...

  4. The City of London
    • Coworking
    • Leased
    • Managed
    • Meeting Rooms
    • Serviced
    Clement's Lane, Bank, EC4N 7AE
    from £450.00

    Located in the heart of the Square Mile and with near neighbours such as The Bank of England and the London Stock Exchange, this period style property in St Clements Lane offers a Prime City location …
    Find out more...

  5. The City of London
    • Serviced
    Lloyds Avenue, Aldgate, EC3N 3AX
    from £657.00

    Creative office space to rent in Aldgate. These modern self-contained workspaces are now available on flexible terms in a striking Grade II listed building. Space is let on an all-inclusive price whic…
    Find out more...

  6. The City of London
    • Coworking
    Bishopsgate, Liverpool Street, EC2N 4BQ

    Opening in Spring 2022, this iconic London skyscraper will deliver 50,000 square feet of beautifully designed meeting, event & workspace across 2 complete floors. 37,800 square feet is dedicated to me…
    Find out more...

  7. 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...

  8. The City of London
    • Coworking
    • Meeting Rooms
    • Serviced
    Minster Court, Monument, London EC3R 7BB

    Located in the heart of the City of London, this stunning flexible workspace has been newly refurbished to provide a mix of luxurious private offices, inspiring coworking space and spacious meeting ro…
    Find out more...

  9. The City of London
    • Coworking
    • Serviced
    Watling Street, Bank, EC4M 9BJ
    from £515.00

    A true gem of a workspace within the heart of the City. This is a unique and beautifully designed flexible workplace close to Bank, located on the corner of Watling St and Bow Lane. This space truly o…
    Find out more...

  10. The City of London
    • Meeting Rooms
    • Serviced
    King William Street, Monument, EC4N 7DZ
    from £600.00

    Situated in a prime location at the heart of London's financial district, these newly refurbished serviced offices in London's square mile, close to Monument, London Bridge and many global financial i…
    Find out more...

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