What is the average cost of office space in London per person?

Budget roughly £500 to £1,100 per desk per month for an all-inclusive private serviced office in London. A ten-person team therefore lands somewhere between £5,000 and £11,000 a month before extras.

Is a serviced office cheaper than a conventional lease in London?

On headline rent, a lease usually looks cheaper. Once you add business rates, service charge, utilities, fit-out amortised over the term, furniture, insurance, cleaning, broadband, reception cover and an end-of-term dilapidations provision, small and mid-size teams in London are frequently better off in serviced space — and the capital outlay at the start is close to zero.

What costs do people forget?

Meeting room hours over your credit allowance, car parking, extra IT and dedicated bandwidth, printing above fair use, out-of-hours air conditioning, deposits of one to three months, a service retainer, annual uplifts on renewal, and the cost of moving itself.

How can we reduce our office cost in London?

Four levers work reliably: take a longer term in exchange for a discount, take space one district out from the prime pitch, move in during a quieter quarter when operators are chasing occupancy, and let a broker run competing quotes in parallel so operators know they are being benchmarked.

Do prices in London include VAT?

Quoted rates are normally exclusive of VAT. Check whether business rates and service charge are genuinely included — with true serviced space they are, with some managed products they are not.

Cost guide

Office space cost in London

What flexible workspace actually costs in London — by area, by team size and by product — with the extras that catch people out.

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Headline

The short answer for London

Budget an indicative £500 to £1100 per desk per month for an all-inclusive private serviced office in London. A dedicated coworking desk starts around £176, a meeting room from £45 an hour, and a virtual office with a registered address from £60 a month.

Financial and professional services still anchor demand in EC2 and EC3, but the fastest-growing flex requirement now comes from technology, life sciences and AI teams around King's Cross, Old Street and Farringdon. Landlord-operated 'managed office' products have grown quickly since 2023, which has pushed traditional operators to price more competitively on longer terms.

By area

Cost by area in London

Indicative desk cost by area in London
Area	Indicative per desk / month	What you get
Mayfair	£800–£1500	The UK's most expensive flex postcode — funds, family offices and boutique advisory.
City of London	£550–£950	Deepest supply in the capital; strong discounts on 24-month terms.
Canary Wharf	£450–£800	Grade-A towers, large floorplates, better value per sq ft than the City.
Shoreditch	£450–£800	Tech and creative; warehouse conversions and design-led operators.
King's Cross	£600–£1000	New build, sustainability-led, dominated by large tech occupiers.
Southwark	£400–£700	One of the best value central options within a 10-minute walk of the river.
Croydon	£250–£420	Cheapest serviced desks inside Greater London with a 15-minute train to Victoria.
Hammersmith	£350–£600	West London hub for media and consumer brands.

Prices shown are indicative market estimates for guidance only, based on typical flexible workspace rates for this area. They are not quotes. Live availability and actual pricing are confirmed on enquiry — call us and we will benchmark real options for your team size and move-in date.

By team size

What your team will actually pay

Indicative cost by team size in London
Area	Indicative per desk / month	What you get
1–4 desks	£500–£1265	Small private office or dedicated desks; often the highest rate per desk.
5–10 desks	£485–£1100	The most competitive band — plenty of supply, good negotiating room.
11–25 desks	£460–£1045	Discounts start to appear on 12-month-plus terms.
26–50 desks	£430–£990	Semi-managed deals, own kitchen and meeting rooms typically included.
50+ desks	£390–£935	Managed-office territory — bespoke fit-out, longer term, lowest rate per desk.

By product

Product costs in London

Office space in London Serviced offices in London Coworking space in London Meeting rooms in London Virtual office in London Flexible workspace in London Managed office space in London

Watch out

Costs people forget

Meeting room hours above your included credits
Car parking, charged separately in almost every city centre
Dedicated IT lines, VLANs and extra bandwidth
Printing above the fair-use allowance
Out-of-hours heating and air conditioning
Deposit of one to three months plus a service retainer
Annual uplift on renewal — cap it before you sign
The move itself: cabling, signage and downtime

Keep researching

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Important: where this page uses the words “rent”, “rental”, “lease” or “let” to describe workspace, those terms are used for descriptive and search purposes only. The agreement offered by flexible workspace operators is a licence to occupy, not a lease or tenancy, and it does not confer security of tenure under the Landlord and Tenant Act 1954. Prices shown are indicative estimates, not quotes or offers.