How Much Does Office Space Cost in London in 2026?

London office space costs more than almost anywhere else in the UK, but the range is wider than most people expect. Where you are in the city, what type of office you need and how flexible your contract is all have a significant impact on what you will pay. Here is a clear breakdown of current pricing across the capital.

Serviced offices

Serviced offices in London are typically priced per desk per month, with all costs included. Pricing varies considerably by location:

In the City of London and Canary Wharf, expect to pay between £600 and £900 per desk per month for a good quality serviced office. In Shoreditch, Farringdon and Holborn, pricing typically falls between £500 and £800. In premium West End locations like Mayfair, Fitzrovia and Soho, rates can range from £800 to well over £1,500 per desk per month for the most prestigious buildings.

Victoria, Waterloo and London Bridge tend to offer stronger value, with rates broadly in the £450 to £850 range depending on the building and provider.

Managed offices

Managed offices are priced per square foot per year rather than per desk, making direct comparison harder. As a rough guide, a managed office in Central London currently costs between £120 and £160 per square foot per year depending on location and specification.

While that sounds significant, for teams of 15 or more a managed office often works out more cost effective per person than a serviced office once you factor in the dedicated nature of the space.

Leased offices

Traditional leased office space in London is priced similarly to managed offices per square foot, though headline rents are often lower. However leased offices come with significant additional costs - rates, service charges, fit-out costs and dilapidations at the end of the lease - which can add 30 to 50 percent to the headline figure. Lease terms typically run from 5 to 10 years.

What affects the price?

Location is the biggest driver of cost, but building quality, floor level, natural light and proximity to transport links all play a role. Newer buildings with premium amenities command a significant premium over older stock, even within the same postcode.

Contract length also matters. The more flexibility you need, the more you will pay. Providers charge a premium for shorter terms because they carry more risk. If you can commit to 12 months rather than a rolling monthly arrangement, you will typically achieve a meaningfully better rate.

How to get the best deal

The London office market is highly negotiable, particularly in the current climate. Providers rarely offer their best terms upfront - there is almost always room to negotiate on price, rent-free periods, fit-out contributions and break clauses.

At Scope Office Search we negotiate on behalf of businesses every day and consistently secure better terms than clients would achieve going direct. Our service is completely free - get in touch and we will find you the best available space at the best possible price.