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What are quarter days? Office rental payments explained
From The Knowledge

What are quarter days? Office rental payments explained

Quarter Days are the four days of the calendar year when commercial leasehold payments and rent - including office rent - are due.

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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
    • Managed
    Cannon Street, London, EC4N 6AE
    £POA

    Situated in the heart of the City, these managed offices cater to larger occupiers seeking all-inclusive flexible terms. The 2nd floor (circa. 3,048sqf), 4th floor (circa. 2,947sqf) and 6th floor (cir…
    Find out more...

  2. The City of London
    • Coworking
    • Leased
    • Managed
    • Meeting Rooms
    • Serviced
    Austin Friars, Bank, EC2N 2QP
    from £695.00

    Austin Friars is one of the City's most sought after addresses and provides over 55,000sqf of Grade A serviced office space in the heart of the City. Built in 1888, this prestigious business centre oo…
    Find out more...

  3. 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...

  4. The City of London
    • Serviced
    Aldermanbury, Moorgate, EC2V 7HY
    from £399.00

    Ideally located in the heart of the City of London, this business centre makes an ideal location for any company to grow their business. The space comprises of brand new refurbished office space with …
    Find out more...

  5. The City of London
    • Managed
    Queen Street, Bank, London, EC4N 1SP
    £POA

    Newly refurnished and situated in the heart of the Square mile, these managed offices to rent in Bank provide 4 self-contained floors benefiting from excellent natural light and the option for a bespo…
    Find out more...

  6. 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…
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  7. The City of London
    • Serviced
    Dukes Place, Aldgate, EC3A 7HX
    from £575.00

    Stunning, newly refurbished flexible workspace in the heart of the City of London, providing creative serviced office space of the highest specification. Boasting an impressive, large and welcoming re…
    Find out more...

  8. The City of London
    • Coworking
    • Serviced
    Aldersgate, St. Paul's, EC1A 4HD
    from £550.00

    Our private office options range in size from 300 to 4000 square foot and are complimented by fully equipped meeting rooms that can be hired on a daily basis. The variety of spaces provide you with th…
    Find out more...

  9. The City of London
    • Coworking
    • Managed
    • Meeting Rooms
    • Serviced
    Gracechurch Street, Monument , EC3V 0HR
    from £700.00

    Situated in the heart of London's insurance district, this Romanesque building comprises 26,000sqf of flexible workspace, extensively refurbished to stunning specification and specifically designed to…
    Find out more...

  10. The City of London
    • Coworking
    • Managed
    • Meeting Rooms
    • Serviced
    Finsbury Circus , Moorgate, EC2M 7EA
    from £425.00

    Located a stone's throw from Liverpool Street and very close to Moorgate, these boutique-style City of London offices to rent comprises beautifully refurbished office space, all delivered fully furnis…
    Find out more...

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Reviews

AirX Charter Limited

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

Stobbs IP

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

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.

Eleanor Care

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

Prospero Group Ltd

They find great space and help us negotiate really good deals

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

VEON

Excellent service from the team at Find a London Office!

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