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Where to choose your perfect serviced office space in London

06/08/2009

The capital has the largest number of business centres in the UK which can make the task of finding the right office seem daunting.

You can, however, make the selection of your serviced office space location a lot simpler by dividing the capital into three main geographic areas. Each area has its own unique characteristics which tend to attract a certain range of professions:

  • The City – A location synonymous as the centre of the UK banking system, financial institutions including the Bank of England dominate the areas around the aptly named Bank. Over the last two decades many well known financial institutions decided to relocate to spacious office space in Canary Wharf; but the majority have still retained offices in The City. Insurance is another industry associated with the Square Mile and in particular the area around Liverpool Street Station and Bishopsgate. To the west of Bank is Cheapside and St Paul’s which is currently undergoing significant development. The London Stock Exchange is now situated in the newly re-developed Paternoster Square and heading even further west from here, the ‘Midtown’ areas of Holborn and Chancery Lane have been the home of the legal profession for centuries. 
  • West End – Renowned for its Retail and Theatre districts, the West End is also home to many of the world’s leading brands. With a wide variety of different offices styles, from period town houses through to modern tower blocks, the West End is guaranteed to have an office space that is suitable for the majority of requirements. The areas of Mayfair and St James’ Park have been traditionally home to Stockbrokers but in recent years they have been joined by private equity firms and hedgefunds. At the other end of the business spectrum, retailers and new media companies have taken residence in streets surrounding Oxford Street. Heading further south towards Victoria and Westminster, Government and public sector departments make up the vast majority of office residents. 
  • Canary Wharf - To the east of The City, the Canary Wharf business district was built after ‘The Big Bang’ to attract large global corporates and to make the finance capital of the world. After a shaky start, the 1990’s saw rapid growth in the number of businesses relocating to the area. Unlike in The City, planners allowed skyscrapers to be built which could house 1000’s of workers on one site. HSBC, Barclays and CitiGroup all moved their UK HQs to the area and at the heart of the estate is the UK’s tallest building, One Canada Square. Canary Wharf is well connected to The City by the Docklands light railway and Jubilee underground line with CrossRail also arriving at the site in 2017. Sq ft prices in the area are currently very competitive so now is a great time for businesses looking to rent office space in Canary Wharf. 

If you are looking for serviced office space to rent  in Canary Wharf, Bishopsgate, St Paul’s or Victoria, call us now on 0800 634 6346 or work out how much office space you require using our online office space calculator today