Guide: Things to Consider When Renting Office Space in Canary Wharf
From disused docklands to world-renowned financial district, Canary Wharf is a key part of the London skyline and popular with businesses from many sectors – so here is our guide to renting office space in Canary Wharf.
Guide: Renting Office Space in Canary Wharf
Synonymous with soaring skyscrapers, Canary Wharf was originally developed to offer the kind of larger, dedicated floorplates that were either too rare or expensive to acquire in The City of London, attracting well-known names such as HSBC, Barclays and Bank of America in the process.
But while many of the skyscrapers bear the recognisable logos of many a multi-national, a large base of support services, start-ups and SMEs also operate in and around them – often leveraging the serviced office space on offer in the area.
View Serviced Office locations in Canary Wharf
Bypassing the financial commitments of acquiring a traditional lease, the serviced office space available in Canary Wharf offers smaller businesses, ranging from 1 to 50+ desk solutions a simplified route to establishing their presence in this area.
In addition to the glass-clad, high-rise office space typically associated with Canary Wharf, the surrounding Docklands area also offers some great alternatives – including converted wharfs delivering less formal, studio style workspaces.
Cost of Office Space:
The cost of renting office space in Canary Wharf compares favourably with that of the City of London, potentially offering businesses a financial incentive to choose it as a base for their business. Putting this in real terms, opting to establish a 10 person office in Canary Wharf could deliver a saving of over £7000* annually when compared to securing the same sized office in an EC postcode.
- Avg. Workstation Price: £587
- Avg. Office Size: 5 Desks
As with all office markets, availability and pricing changes based on supply and demand. It is worth noting however, that the quick sales cycle associated with serviced office space (avg. 40 days) means that decision makers may have to be proactive in order to secure their first choice solution.
Jubilee Line – Provides direct access to and from London Bridge within 10 minutes. This makes accessing the City of London, Waterloo and beyond easy and convenient. Alternatively the heavily redeveloped Stratford can be reached in around 15 minutes, from which the Central Line can be accessed.
DLR – Provides additional access to the City via Bank in addition to reaching to the south where the service will take you as far as Lewisham. Stratford and the Olympic Park can also be reached using the DLR.
Interested in renting office space in Canary Wharf? Speak to our team today by calling 020 7166 7981