Soho is a vibrant, fashionable area located at the heart of the West End, near Covent Garden. Traditionally home to trendy media industries such as film, television and post-production companies, increasing commercial demand has caused rents to skyrocket in recent years, and the types of businesses taking up Soho office spaces has broadened significantly.
Famous as a central hub of London’s thriving art scene in the 1950s, and known for being the city’s red light district, the area has improved considerably since the early 1980s, and aside from an abundance of tourists flocking to the area’s vast array of shops, Soho’s lively history now draws interest from a variety of companies, attracted by its edgy reputation and cool, dressed-down corporate atmosphere.
The diversity of businesses taking-up space in Soho also means that the area offers a wide range of different offices and floor plates. Carnaby Street provides a famous centre for this popular location, and companies looking to rent in Soho can expect a stylish setting that is always at the cutting edge of London trends.
There is a buzzing party culture in Soho, which includes London’s Chinatown district, and it is renowned for its trendy cafes, excellent bars, and restaurants, which all provide ample opportunity to entertain clients, unwind after work, and generally add to the desirability of the area.
Soho office rents start from £57.50 and can reach as high as £95.00 per square foot, with business rates ranging from £25.00 to £36.00 per square foot. Taking service charges into account, an all-in cost for Soho’s commercial space can be estimated at £91.00 to £147.00 per square foot.
Transport links in Soho are outstanding, if a little busy at peak tourist times. Four tube stations operate at each of the area’s four corners: Oxford Circus, Tottenham Court Road, Leicester Square and Piccadilly Circus, providing services for the Bakerloo, Central, Victoria, Northern and Piccadilly lines. Soho’s transport links will be even better when Crossrail is complete, and by December 2019 the Elizabeth line trains from Tottenham Court Road will be able to reach Heathrow Terminal 4 in 36 minutes. All stations are in Zone 1 and an annual travelcard costs £1,296.
Rent an Office Space and Consult Morgan Pryce for Advice and Planning
View the most recent commercial spaces for rent in Soho by browsing our live property feed.
Finding suitable office spaces to rent is no easy feat. There is a sea of choices, and for a start-up, it can be overwhelming. Morgan Pryce, a commercial property agent in London, servicing Soho and neighbourhoods, knows where you can start from. Our understanding of the UK rental market is invaluable. Working on behalf of clients, we reach out to suitable property owners in our contact database, unlocking off-market opportunities, narrowing down the ideal ones, and saving time in the process.
Unlike our peers, we follow a tenant-only representation model, avoiding conflicts of interest. We are aware of the standard service charges and rent for commercial properties in Soho and negotiate hard to fetch the best deals on your behalf. If you are searching for a partner who is ready to act for occupier clients and has your best interests at heart, get in touch.
Soho is a Launchpad for Success – Consider Renting an Office Space
Soho features characterful period buildings and modern developments. It is a perfect place to start a business or operate an established company. Enclosed are the factors making it an unbeatable location for a tech startup and an established creative agency looking for an office space to rent in Soho:
• Conveniently located: Soho is nestled in the West End of London with plenty of tube stations around. Its proximity to the City, Mayfair, and Covent Garden, along with quick links to Canary Wharf and Heathrow Airport, makes it an ideal location for business operations.
• Affluent business environment: Soho has some of the leading global players sharing the neighbourhood, making networking a breeze. From tech startups and cutting-edge fashion houses to Universal Music Group, the area is home to businesses carrying real weight.
• Countless office spaces: Soho features a vibrant community with serviced offices, co-working spaces, and converted warehouses. It can accommodate small teams and larger organisations alike.
• Distinctive culture and lifestyle: Soho demonstrates a unique culture buzzing with creative energy. From lush green spaces in Soho Square Garden and Michelin-starred spots to private members’ clubs, there are countless attractions to help you achieve work-life balance.
• Top-notch digital infrastructure: Fast fibre optic networks and dependable backup systems are used by Soho to maintain business connectivity. It’s the perfect spot for tech-driven businesses seeking commercial office space for rent in Soho.
• Value for money: Renting office space in Soho may result in occupier clients paying premium rates, but it’s worthwhile. Think about the opportunity to forge stronger client relationships, improve brand value, and satisfy staff members – the benefits are real and have an impact on the bottom line.
• Attracts employees: Real talent is drawn to Soho for the endless opportunities and positive energy demonstrated by the area. With the young professional crowd attracted to this region, the chance of professional development is naturally high.
• Opportunities for business growth: Soho is a happening place where tech meet-ups, industry events, and creative showcases are commonly occurring. Given this phenomenal landscape, businesses grow naturally.
The district is buzzing with opportunities for ambitious businesses seeking a perfect environment for achieving success. With Morgan Pryce, you can make the most of it by finding an office to rent in Soho. We also assist with speedy negotiations to take you closer to the best deals in the market. Save substantially by engaging our RICs-certified surveyors and minimise risk significantly!
Why Consult Morgan Pryce for Renting Commercial Property in Soho?
Making a move to Soho for ambitious businesses is a one of a kind of investment. It pays off in the long run through improvements in business performance, reinforced brand value, and happier teams. An excellent partner is Morgan Pryce, a tenant-only commercial real estate firm governed by the RICS. We are a squad of market-leading specialist consultants, assisting with serviced office searches and leases. Here’s why you should consider us:
• Tenant-only representative: We have the best interests of tenants in mind and act exclusively on their behalf. Our expertise is limited to securing the most profitable solutions for you when searching for commercial space to rent in Soho.
• Vast industry knowledge: We understand the commercial property market more than anyone. Navigate through different buildings and applicable spots under our guidance.
• Access to commercial listings: We have a comprehensive database of offices to let in Soho, including off-market properties. Enjoy the exclusive opportunity to arrive at favourable terms, remarkable features, and location advantages.
• Fuss-free negotiations: Meet skilled negotiators bargaining on your behalf for favourable lease terms, rental rates, and several other aspects of the agreement. We also review lease contracts for occupier clients to help them understand the terms better.
• No win, no fee: We charge for our services only if we are successful in finding an office space in Soho and you agree to sign a lease. You owe nothing for simply viewing commercial properties to rent.
• Save time and effort: We take the burden off your shoulders by searching for commercial properties to rent in Soho. We do everything we can to save you valuable time, whether it is operating extensive searches, viewing office spaces, or using due diligence.
Get started with a free initial consultation at Morgan Pryce. We promise to patiently listen to your exact office move requirements and use our bespoke market intelligence to help secure a commercial property for rent in Soho. Not sure how much space you require? Check out our office space calculator for a preliminary estimate.
Morgan Pryce delivers expertise in securing prime on and off market commercial properties across London and the UK. We guide and nurture your purchase from initiation though to legal completion.
