The City of London, or The Square Mile as it is often called, is a leading driver of the London economy. The area has a huge annual output of £45 billion, and subsequently has earned a reputation as the financial capital of Europe. Unsurprisingly, The City is the preferred location for financial services and insurance industries, including The Bank of England, The London Stock Exchange, Lloyds of London, hundreds of commodity traders, banks, and foreign exchanges. The City of London provides a wide range of different office spaces, ranging from small period buildings to large iconic tower blocks such as the NatWest Tower and the Gherkin, with plenty of cheaper stock available for smaller companies that act as service providers to the core financial occupiers of the area.
Of course, this means its facilities are second-to-none. There is an abundance of trendy bars and restaurants for entertaining clients or unwinding after a full-on day working the markets.
The City commercial rents start from £45.00 and can reach as high as £75.00 per square foot for the most prestigious buildings, with business rates ranging from £16.00 to £21.00 per square foot. Taking service charges into account, an all-in cost for City offices can be estimated at £70.50 to £116.00 per square foot.
As the financial hub of London, and with 400,000 workers commuting into the area every day, it is unsurprising that the area is the best connected in the city, with six mainline stations – Liverpool Street, Cannon Street, Fenchurch Street, Moorgate, London Bridge and Blackfriars – and 12 Underground and DLR stops servicing the area. Crossrail will stop at Liverpool Street and Farringdon. The City is in Zone 1 and an annual travelcard costs £1,296.
Find the Perfect Office Space in City of London
Search from an updated database of countless commercial spaces for rent and sale in London.
Morgan Pryce is a leading name for tenants who seek reliable commercial property agencies in London. Unlike our industry peers, who all act for both tenants and landlords, we operate based on a tenant-only representation model. This has enabled us to avoid the industry conflict of interest and facilitated us to respond to the rising demands of occupier clients more closely.
We are proud of our comprehensive database, which comprises both on- and off-market commercial properties for sale and rent. Whether you are a start-up, a growing company, or an established business, explore our commercial property portfolio and find your business a new home to thrive.
Renting Office Space in London—What Makes it a Strategic Move?
The city has more to offer beneath its surface. Here is why London is a big opportunity for tenants:
• Cost-effective rental solutions: Contemplating an office space in London may seem daunting at first, given the limited budget of business operators, but there is one to suit every cost-saving strategy. From shared office spaces for rent to peripheral areas, the choices are plenty.
• Global business reputation: Exploring offices to rent in London improves the global reputation of a business. Settlers find their clients, investors and business partners seeing them in a different light. Radiate your readiness to perform internationally and attract high-profit clients by confirming your choice.
• Diverse options in office space: The city is home to plenty of commercial properties for sale and rent spread across different areas. Whether it’s the traditional Mayfair or the trendy Shoreditch, there is something for every ambitious entrepreneur to suit yourself and your requirements. The presence of managed spaces equipped with professional meeting rooms is free of hassles and cost-effective, too.
• Brilliant connectivity: London is well connected through well-mapped bus routes, extensive underground tubes and other popular transport options. Commuting is definitely a breeze given an opportunity to communicate with clients and businesses alike.
• Networking opportunities: London and its shared office spaces open up partnership opportunities. At Morgan Pryce, you can benefit immensely from striking meaningful business relationships with both parties mutually experiencing advantages.
• Growth potential for a career: The city is a hotbed of lucrative opportunities, and we at Morgan Pryce acknowledge it. That’s why we encourage all ambitious businesses to accelerate their career growth by renting a commercial office space in London and settling there.
A bustling business environment awaits you. Make the best decision for your business by relocating and getting commercial space for rent in London. We vouch for great deals and a free consultation from RICS-certified surveyors.
Partner with Morgan Pryce to Explore Office Space for Rent in London’s Prime Locations
The UK commercial property market features a diverse and dynamic landscape. It comprises various sectors, including office properties. For tenants hunting commercial properties to rent in London, it can be challenging as they seldom understand the nuances. It’s more so with the market experiencing shifts, all driven by economic factors, changing consumer behaviour and technological advancements. Additional complexities pile up due to global events like COVID-19 and Brexit. All these are said to influence rental values, demand dynamics and investment patterns.
As a tenant, we understand how perplexing it is to stay updated on geopolitical and macroeconomic factors, especially when signing lease agreements and renewing them. This is where we step in and provide tenants access to invaluable insider insights to navigate the complexities of the market. We act as a responsible commercial property agency in London, helping tenants to discover the best office space to rent. Enclosed are more justifications for engaging our services for a strategic decision instead of proceeding unguided:
• Easy access to listings: Renting or buying commercial property in London turns out to be easier when there is access to a wide range of options, including the ones not publicly listed. Morgan Pryce facilitates it for savvy tenants to position themselves in the competitive market.
• Expert advice: Make well-informed decisions with Morgan Pryce. Whether it’s about commercial buildings for sale in London, property suitability, lease terms, or market conditions, we are geared up to provide valuable advice on everything.
• Lease negotiation: Arriving at a favourable lease term is a breeze when you have us backing you up. We adeptly negotiate on your behalf to secure the lowest rent and flexible conditions on properties.
• Tailored property search: We patiently listen to all your specific needs and, based on them, recommend commercial properties to rent in London. Save time and effort by engaging us!
• No win, no fee: We charge no upfront charges at the beginning of the search process. So, feel protected from financial burden. Pay us only if we successfully find a commercial space to rent in London and only after you sign the lease.
Your search for an ideal workplace to rent and start your business or expand your foothold in London ends here. Let’s begin!
