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Oliver Morrison,
McCormack & Morrison

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6 ways to save money on office space in London
From The Knowledge

6 ways to save money on office space in London

If your business is based in London, running an office is probably one of your biggest costs, second only to staff salaries. Here are our top 6 tips to save money on London office space. Some of them may seem obvious, but when our clients consider all of them, we have always helped them make significant savings.

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Canary Wharf Serviced Office Rental Guide

A Price Guide for Renting Serviced Office Space in Canary Wharf
Approximate cost per desk, per month

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.

Total Cost £600

Compare serviced office rent in Canary Wharf to rent other London locations.

Office Space in Canary Wharf
Office Space in Canary Wharf

Popular Business Addresses in Canary Wharf

The most sought after office locations within Canary Wharf include:

Near Canary Wharf

Other commercial office locations near Canary Wharf

Serviced Offices in London

Flexible, serviced offices can be found throughout London, with many providers offering coworking space, meeting rooms and virtual offices.

For more general information about flexible office space, please see our Serviced Offices in London guide.

We also have location guides for serviced offices in other London locations:

Why Rent a Serviced Office in Canary Wharf?

If you’re looking to rent serviced offices Canary Wharf will provide plenty of options for the right type of business.

Located to the east of The City of London, Canary Wharf is by most standards a remarkable place. Regenerated from the derelict wastelands of the old London Docks some 30 years ago, Canary Wharf contrasts markedly to other, established areas of London. The glass and steel of skyscrapers is built on the footprint of the old docklands. This allows Canary Wharf to retain its connection both to the water and its heritage, whilst creating very interesting large, open spaces around the office buildings. The developers took the opportunity to build the very best. In some ways Canary Wharf resembles the office district of a large American city, but without the density or the intensity. Physically separated from the rest of the capital and partially surrounded by the meandering River Thames, Canary Wharf can feel like a mini-city in its own right.

Canary Wharf is home to global financial institutions, Barclays, JP Morgan, Credit Suisse and Morgan Stanley all located in substantial office towers. Canary Wharf operates as London’s second financial district. The extensive Docklands Light Railway (DLR) connects the area internally and – importantly – provides rapid access to the City of London – the UK’s main financial district.

In recent years, alongside commercial office space, extensive residential space has also been developed which not only provides accommodation for some of the people who work in Canary Wharf, but has also transformed the atmosphere, with over 300 shops, restaurants and bars ensuring excellent after hours options and a good nightlife.

And the building continues: Wood Wharf is expected to be completed by 2023, a mixed use development of residential, business and retail space. Providing 3,300 new homes, it will also include just under 500,000 ft2 of shops and restaurants and nearly 2 million ft2 of new, high quality commercial office space.

Office space in Canary Wharf is dominated by the banks and other financial companies. Not unexpectedly, however this has led to a growth related businesses, providing support for the core financial occupiers. Serviced office space is a popular and easy options for such businesses. Business centres provide easy, accessible, flexible, cost-effective and modern offices close to the larger institutions. In particular, a serviced office in Canary Wharf is perfect for start ups who value proximity not just to other new ventures but also to established SMEs and corporates. The flexibility of serviced space allows you to grow your business at your own pace, with minimal risk.

Serviced offices includes coworking spaces – increasing in demand not just here, but across London. Coworking arrangements include very flexible, fully furnished, open-plan workspace on short term, month to month contracts, with both hot-desks and dedicated desks as well as access to meeting rooms by the hour and other office facilities. Critically, coworking by definition opens up unparalleled opportunities for networking and collaboration.

However of course, shared office space isn’t everyone’s cup of tea. Canary Wharf business centres also provide more traditional office arrangements – self-contained, private offices and executive office suites are all available, also on very flexible terms.

And if you simply want a Canary Wharf business address, virtual office services are also on offer from most serviced space providers. When used in conjunction with meeting room hire and a hot desk, virtual offices are great way for remote companies to have a flexible presence in Canary Wharf, without the expense of continuously renting physical space.

Business Lunch

There is so much choice when it comes to eating out in Canary Wharf, it’s overwhelming. Boisdale offers modern British cuisine, whilst Gaucho offers Argentine fine dining. combined with spectacular views of the Thames. Hazev is an elegant restaurant serving Turkish cuisine and Roka is an award winning contemporary Japanese restaurant.

Business Networking

In & Around Canary Wharf run networking events for local businesses at various venues throughout the year.  Women in Business run a Canary Wharf lunchtime group which meets monthly at Davy’s on Fisherman’s Wharf

For more information, please see our location guide for office space in Canary Wharf.

  1. Canary Wharf
    • Coworking
    • Serviced
    Cabot Square, Canary Wharf, E14 4QZ
    from £350.00

    Canary Wharf, synonymous for being a hub for global companies is one of the most fast-growing and important business areas in London. At its centre stands The Cabot, a modern, bold building showcasing…
    Find out more...

  2. Canary Wharf
    • Serviced
    Marsh Wall, Canary Wharf, E14 9SR
    from £450.00

    A contemporary glass tower, the South Quay building is located on the beautiful waterfront of Canary Wharf surrounded by other newly developed premises. The modern entrance and grand, sleek reception …
    Find out more...

  3. Canary Wharf
    • Coworking
    • Serviced
    Canada Square, Canary Wharf, E14 5AB
    £POA

    One of London's most iconic structures that dominates the city's skyline, One Canada Square sits 774 ft. above ground level and is the second tallest building in the UK. A welcome addition to Cana…
    Find out more...

  4. Canary Wharf
    • Serviced
    Indescon Square, Lightermans Road, Canary Wharf, London, E14 9DQ
    £POA

    Offering modern office space to rent in Canary Wharf, this business centre is ideal for growing business looking for a cost-effective alternative to a long term lease. Situated next to Canary Wharf…
    Find out more...

  5. Canary Wharf
    • Coworking
    • Serviced
    Churchill Place, Canary Wharf, E14 5EU
    from £550.00

    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 c…
    Find out more...

Map of Canary Wharf

Tube Stations

  • Canary Wharf
    • Jubilee

National Rail Stations

  • Limehouse
  • Canada Water
  • Rotherhithe

DLR Stations

  • Canary Wharf
  • Heron Quays
  • West India Quay

Bike Docking Stations

  • Fisherman's Walk West, Canary Wharf
  • Westferry Circus, Canary Wharf
  • Heron Quays DLR, Canary Wharf
  • Jubilee Plaza, Canary Wharf

Need help with your office search?

  • Michael Fraser
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or call +44 20 7484 9266

For expert property advice you can’t beat Find a London Office…Thoroughly recommended!

5
Benoit Privey,
Eurosport
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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

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

Prospero Group Ltd

They find great space and help us negotiate really good deals

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.

AirX Charter Limited

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

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