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The average cost of renting an office space in London varies between locations. Read and discover how much does it cost to rent an office space in London!

When looking for an office space in London, the cost is usually a very important deciding factor. The office prices vary between different locations within the city, so it can be really hard sometimes to know how much should you pay for an office space.

In this article, we are going to talk about the average cost of renting an office space in London, so you can make your calculations and determine whether or not the location and the price suits you. 

In the city center of London, the average cost of a corporate space varies between different locations and the usual range is from £400 to £1000 per month. When it comes to locations, the most affordable locations are Elephant and Castle, Tower Hill, and Edgware Road where the average cost of renting an office space is around £400. On the other hand, the most expensive areas are Knightsbridge, South Kensington, Paddington, Green Park, and St.James’s Park where a rent per month is £1000 on average.

Besides the location, there are other factors that affect the overall cost of renting an office space, such as the size of the office and the perks that come with the workplace such as beer taps, games tablets, roof terraces, and others.

Office space

Before you decide to use a certain office space, you need to ask yourself РHow big of an office space do I need? This is a very important question as it will help you decide which type of office suits you the most. Generally speaking, the serviced office space provide 50 square feet per desk, but because of the spacious nature of these offices, the total space per tenant within today’s modern business centers exceeds up to 130 square feet.

A lot of people ask the same question – How is commercial rent calculated? When it comes to traditional workspaces, the rent is calculated per foot, so you will be charged according to the amount per square foot. But, with services offices, commercial rent is calculated on a per-desk basis. This is usually listed as the cost per person per month.

When it comes to the proper size of a standard office space, the conventional office spaces, 100 square feet per employee is accepted as a suitable rule to adopt and abide by. In other words, it is roughly estimated to 50 square feet of desk space and the other 50 square feet in communal areas, for instance sitting areas, meeting rooms rental, and kitchen.

But, it is very common for smaller cost-conscious business companies to opt for slightly more affordable options or 70 square feet per person. This is common in sought after parts of London where the costs for renting an office space are pretty high.

Workspace

The serviced offices come with an open plan and they include a large amount of social common space and other areas, meaning the average space for workers amounts to be more than 130 square feet.

London was ranked in the top 10 as one of the most expensive places to rent an office space. After all, it is a metropolis and business seat for foreign and local-owned organizations and companies. You should choose London not just because it is one of the leading financial centers in the world, but because it has an excellent land, air, and sea links, it has a large talent pool, and it is world culture capital.

If you want, you can get in touch with the best workspace office solutions providers in London and they will help you find the perfect office space, according to your needs and budget.