Cost of Serviced Offices in Central London
The cost of a single workstation in one of Central LondonΓÇÖs 216 serviced office buildings increased by 19% during the opening quarter of 2010 as rising enquiry and occupancy levels began to impact upon supply levels.
But as workstation prices from office space consultancy officebroker.com reveal, what business can expect to pay around Central London can vary dramatically.
Based on the average cost of an individual workstation (which accounts for an average of 75 sq ft) in each Central London postcode, between January & April 2010 serviced offices in SW1(┬ú666) are clearly shown as the most expensive, while serviced office space in SE1(┬ú320) offers the cheapest option for those seeking a serviced office in Central London. Buffering the high priced SW1 from that of the relatively low priced SE1 are the W1 (┬ú558), WC (┬ú528) and EC (┬ú433) postcodes.
With serviced offices ranging from indistinct office blocks to prime sites in the CityΓÇÖs most iconic buildings, serviced offices have become an increasingly attractive prospect for many Central London businesses as they seek to mix practicality, location and cost management with the growing need for flexibility during what continues to be a challenging period for businesses of all shapes and sizes.