The City of London Office Rental Guide
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.
|Conventional Lease (per ft2 per year)|
Serviced offices provide an all-inclusive fully furnished solution with telecoms, internet and power and business rates all included in the monthly rent.
|Serviced Space (per desk, per month)|
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.
It is, and always has been, the financial center of London, and hence, the financial center of the UK itself.
The City of London: a commercial guide for businesses looking for office space in London
The City of London, also known as The Square Mile, is basically the eastern part of the central London business district, which therefore makes it east of Holborn, which some call Midtown. The communications are amazingly good in that there’s Liverpool Street, Fenchurch Street, Cannon Street, mainline stations, and underground stations everywhere. Also of great value, there’s the Docklands Light Railway, which runs from Bank over to Canary Wharf, which is now the more newly created financial area. Connection between those two areas is pretty vital for an awful lot of the occupiers in the City of London. It is, and always has been, the financial center of London, and hence, the financial center of the UK itself.
There’s been a massive amount of redevelopment going on in the city, and whilst a lot of the period properties are still there, and also there’s been a lot of redevelopment behind the period facades, the overall impression is of many, very impressive, and some very tall buildings. The Gherkin, The Cheesegrater, and so on. The major occupiers are financial, insurance, and the professions, and then generally a mixture of other support services. I was asked what my favorite bit of the City of London was, and frankly, one’s spoiled for choice. But the answer has to be Christopher Wren’s St. Paul’s Cathedral, which is, to use modern language, awesome.
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Available Offices in The City of London
A snapshot of the latest commercial property in The City of London
About The City of London
From the Roman settlement in 1AD until the Middle Ages, the City of London was almost London in its entirely. Now it’s just a small, yet vitally important component part of modern greater London.
Also known as The Square Mile, The City of London houses the financial centre of London and notably 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 are radically altering the market. Shared, co-working office space is also now available in the City for dynamic companies who prioritise networking and flexibility. Temporary meeting room hire provides 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
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
- Waterloo and City
National Rail Stations
London Cannon Street
London Fenchurch Street
London Liverpool Street
Bike Docking Stations
Bank of England Museum, Bank
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.