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McCormack & Morrison

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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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Waterloo & London Bridge At a glance...

  • On the vibrant South Bank of the River Thames
  • Easy commute into Waterloo Station and London Bridge Station
  • Home to landmarks:  The London Eye, Tate Modern, Royal Festival Hall, National Theatre & Globe Theatre
  • The Shard – a stunning addition to the London Skyline
  • Home to the famous Borough Market and The Oxo Tower
Offices in Waterloo & London Bridge
Southbank Office Space

It is much cheaper than the City, but it's just over the water from the City, so it has very good access to all of the more central business districts.

Waterloo & London Bridge: a commercial guide for businesses looking for office space in London
Michael Fraser:

Waterloo and London Bridge. We listed on the website with those two stations as the heading because, in our experience, that’s the request that people put in when they’re searching for space. But it’s also known as Southwark, and it’s just over the river and below Holburn and the City of London. So it’s very close to the river Thames. It’s particular attraction is, of course, in the name that we use, Waterloo Station and London Bridge Station with the commuting benefits that are obvious.

It’s basically an old area that had lots of mixed occupation, a lot of light industry, but now a lot of new businesses have moved there. The businesses that have gone there, there is little mixture from professional through to service industries and other general categories. It is much cheaper than the City, but it’s just over the water from the City, so it has very good access to all of the more central business districts. Recently there’s been a huge amount of redevelopment along the bit nearest the river, with the result that because the product is there and the proximity to the City, a lot of occupiers have moved there from other areas. And I can think of firms of solicitors who’ve moved there because the buildings are good, the rent is much lower, and the atmosphere is very nice for staff because as soon as office buildings are built, other support services appear, restaurants, cafes, that sort of thing. So it’s becoming increasingly popular with younger staff.

What’s interesting about the area? Well, the river, as you can see from either of the bridges. Or, in my view, much more interesting, the terrific river bus service, which runs between Putney, where I live, and Woolwich. What a great form of commuting.

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Ben Neale:

If you’re looking for southbank office space, please start your search by clicking on the button below.

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Rental Guide for Offices in Waterloo & London Bridge

A Price Guide for conventionally leased office rent in Waterloo & London Bridge

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 £50
Rates £20
Service Charge £15
Total Cost £85
A Price Guide for renting serviced southbank 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 £550

Compare office rent in Waterloo & London Bridge 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 southbank office space.

About Waterloo & London Bridge

Offices in Waterloo & London Bridge

Office Space in Waterloo and London Bridge, collectively known as Southbank office space, is located in London SE1, immediately south of the Thames, between Westminster and Tower Bridge. The Southbank provides a full variety of office accommodation from very basic to top grade corporate space. SE1 includes all types of office space: you’ll  leased offices and serviced offices in Waterloo and London Bridge, including coworking and shared space. Virtual offices – a high profile business address without the costs of a permanent physical space – with or without temporary meeting room hire – are also popular options for dynamic, modern businesses.

The area is approximately equidistant between the West End and the City of London and attracts office occupiers from both markets Commuters from the suburbs and the home counties in the South East have easy access to Southbank offices via Waterloo Station – the UK’s busiest railway station – and the newly redeveloped London Bridge Station directly below the Shard.

In addition to office space, the Southbank has a great variety of other attractions. Culturally vibrant, the Southbank is home to landmarks and tourist attractions such as the The London Eye, the Tate Modern, the Royal Festival Hall, the National Theatre the Globe Theatre and the BFI IMAX Cinema.

Excellent Restaurants – such as the Baltic Restaurant, The Laughing Gravy and The Oxo Tower – grace the Southbank. Close to London Bridge, the famously vibrant Borough Market offers street food from all over the world. Street theatre, buskers and second-hand book markets are common sites along the riverside.

The Shard –  at 1,016ft (310m), the tallest building in Western Europe – located at London Bridge makes a stunning addition to the evolving London skyline. Home to the 5-star Shangri-La, the Shard provides a high-quality mix of hotel, residential, retail and office space in London Bridge.

As can be seen from our London office rental guide, rents are much lower than the West End and City of London office space, which are both close enough to make the relatively short travelling time economically beneficial.

Map of Waterloo & London Bridge

Underground Stations

  • Waterloo
    • Bakerloo
    • Jubilee
    • Northern
    • Waterloo and City
  • Lambeth North
    • Bakerloo
  • Southwark
    • Jubilee
  • London Bridge
    • Jubilee
    • Northern

National Rail Stations

  • London Waterloo
  • London Waterloo East
  • London Bridge

Bike Docking Stations

  • Lower Marsh, Waterloo
  • Waterloo Station 3, Waterloo
  • Waterloo Station 2, Waterloo
  • Waterloo Station 1, Waterloo
  • Baylis Road, Waterloo
  • Lambeth Palace Road, Waterloo

Leisure & Culture in Waterloo & London Bridge

Business in Waterloo & London Bridge

  • Full variety of office accommodation from tertiary to “Grade A” corporate space.
  • Attracts office occupiers from The West End and The City
  • Easy commute from the commuter belt in the South to Waterloo and London Bridge Station

Popular Business Addresses in Waterloo & London Bridge

The most sought after office locations within Waterloo & London Bridge include:

Office Types available to rent in Waterloo & London Bridge

These types of office can all be found in Waterloo & London Bridge:

Nearby Areas

Other commercial office areas located close to Waterloo & London Bridge

  1. Waterloo & London Bridge
    • Coworking
    • Managed
    • Meeting Rooms
    • Serviced
    York Road, Waterloo, SE1 7NQ
    from £420.00

    Test…
    Find out more...

  2. Waterloo & London Bridge
    • Meeting Rooms
    • Serviced
    Blackfriars Road, Southwark, SE1 8EN
    from £399.00

    Dating back to 1819, the Foundry was formerly the premises of the Blackfriars Type Foundry and, up until 1954, Wicks Rotary Type Casting Co. providing printing type to nearby Fleet Street. Today, the …
    Find out more...

  3. Waterloo & London Bridge
    • Coworking
    • Meeting Rooms
    • Serviced
    The Concourse, Waterloo Station, Waterloo, City Of London, SE1 7LY
    from £600.00

    With direct access from the Waterloo Station concourse, this design-led flexible workspace has undergone a full refurbishment to provide a tranquil and undisturbed working environment within London's …
    Find out more...

  4. Waterloo & London Bridge
    • Managed
    Hatfields, South Bank, SE1 9PG
    £POA

    This Centre offers a plethora of trendy studios & office spaces, a number of which come with balconies and amazing views over the river. It boasts an elegant, contemporary reception with a excellent o…
    Find out more...

  5. Waterloo & London Bridge
    • Coworking
    • Managed
    • Meeting Rooms
    • Serviced
    Stamford Street, Southwark, SE1 9LQ
    from £450.00

    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...

  6. St James's
    • Coworking
    • Serviced
    Belvedere Road, Westminster, SE1 7PB
    from £550.00

    Our private office options range in size from 400 to 4300 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...

  7. St James's
    • Coworking
    Horse Guards Avenue, Westminster, SW1A 2HU
    £POA

    Public Hall, is set within the World renown address of Whitehall in Westminster. Your neighbours could include, GovTech startups, public sector innovators & investors. This is a new kind of town hall …
    Find out more...

  8. Waterloo & London Bridge
    • Coworking
    • Leased
    • Managed
    • Meeting Rooms
    • Serviced
    Blackfriars Road, Southwark, SE1 8HA
    from £400.00

    Dating back to 1819, the Foundry was formerly the premises of the Blackfriars Type Foundry and, up until 1954, Wicks Rotary Type Casting Co. providing printing type to nearby Fleet Street. Today, the …
    Find out more...

  9. Waterloo & London Bridge
    • Coworking
    • Meeting Rooms
    Westminster Bridge Road, Waterloo, SE1 7FR
    from £267.00

    This stunning co-working space in the heart of Waterloo specifically caters for the whole built environment sector, including architects, planners, developers, interior designers, landscape architects…
    Find out more...

  10. Waterloo & London Bridge
    • Coworking
    • Managed
    • Meeting Rooms
    • Serviced
    Southbank Place, Waterloo, SE1 7NW
    from £450.00

    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...

Need help with your office search?

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  • Alice Malcolm Green
or call +44 20 7484 9266

Find a London Office are exactly what you need if you want to find the right property

5
Gary Elliott,
Aerospace Technology Institute
More client reviews

Reviews

Prospero Group Ltd

They find great space and help us negotiate really good deals

AirX Charter Limited

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

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!

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.

Stobbs IP

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

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