Are you curious about how many workspace offices exist in London? Well, you’re not alone. As one of the largest business hubs in the world, London is home to a plethora of workspace options, ranging from traditional office spaces to trendy coworking spaces.
Traditional Office Spaces
Traditional office spaces are privately owned and leased by individual businesses. They typically offer long-term leases and require tenants to provide their own furniture and equipment. These spaces are often more expensive than other options but provide businesses with complete control over their environment.
The Numbers
According to a recent report by the City of London Corporation, there are approximately 12 million square meters of office space in Greater London, with roughly 10 million square meters located in Central London alone. It’s estimated that traditional office spaces make up around 75% of this total office space.
Coworking Spaces
Coworking spaces are shared workspaces that offer flexible terms and amenities such as high-speed internet, printing services, and networking events. These spaces are often popular among freelancers and startups due to their affordability and community-driven atmosphere.
The same report by the City of London Corporation estimates that there are approximately 4 million square meters of flexible workspace in Greater London, with around 500 coworking locations available. This number is expected to continue growing as more entrepreneurs seek alternative workspace options.
Serviced Offices
Serviced offices offer businesses fully furnished workspaces with amenities such as reception services, meeting rooms, and IT support. They typically offer short-term leases that range from a few months to a year.
While serviced offices make up only a small percentage of total office space in London, they have experienced significant growth over the past few years. According to research by Instant Offices, there were around 1,500 serviced office locations in London in 2019, with an additional 15-20 new locations opening each month.
Conclusion
In conclusion, while it’s difficult to know the exact number of workspace offices in London due to the constantly changing market, we can safely estimate that there are thousands of options available. Whether you’re a freelancer or a large corporation, London offers a wide variety of workspace solutions to fit your needs and budget.