Home to innovative start-ups, as well as world-leading tech titans, Tech city’s Old Street attracts businesses big and small.
So, what is the cost of renting an office space in Old Street?
|Location||Grade A||Grade B|
|EC1 – Old Street/Shoreditch||£55 - £75||£35 - £55|
Located in the north-east of Central London in the London Borough of Islington, Old Street is a mile-long street, stretching from Clerkenwell to the west, to Shoreditch to the east. Old Street is a trendy, lively area – which, despite its name, is home to many creative and tech start-ups – it is a place of innovation, flexible office options and great networking opportunities. This energy has also attracted London’s leading tech companies to the area, with the likes of Google, Amazon and Facebook all renting office space on Old Street. In the heart of Tech City, Old Street’s main roundabout, where most of these big companies cluster is often referred to as Silicon Roundabout, a play on America’s Silicon Valley.
Old Street is incredibly popular with young professionals, with trendy bars, quirky shops and great transport links. Old Street boasts many similarities to its creative neighbours Shoreditch and Hoxton, but with a more reasonable price tag for those in search of office space.
Get in touch with our team of expert London office rental agents for more information on property in the area.
The Old Street area has been a magnet for tech businesses including multinationals for the past few decades, and this doesn’t look set to change. With a good cultural vibe, shopping and amenities, it’s a great place to relocate an office.
If, however, you decide that it’s not perfect for you, explore the neighbouring areas of Shoreditch (east), Clerkenwell (west), Hoxton (north), City of London (south), or the rest of the borough of Islington. If the choice is overwhelming, or you’d prefer to take professional advice from an expert in the local market, contact our expert office relocation agents who can help.
Old Street’s central location means it has great transport links to the rest of the city. Local stations include Old Street itself (served by the Northern Line, and Great Northern trains), as well as Liverpool Street, Moorgate and the Barbican in close proximity. The area is very walkable, and has good cycle infrastructure so is highly convenient to get around using public transport or more eco-friendly options.
Journey times from Old Street by tube:
With an office space on Old Street, you’ll have an array of trendy bars, boutiques and evening entertainment at your fingertips.
Start the day with a morning coffee from Ozone, an industrial café moments away from Old Street station. At lunch, head to Whitecross market for some scrumptious street food, or take a relaxing walk in one of the many nearby parks. Alternatively for a more urban walk, admire the street art where if you’re not too distracted by the quirky shops, you may even see a Banksy or two. There are several art galleries for some creative inspiration; check out The Victoria Miro Gallery, or Whitechapel Gallery ‘the artists’ gallery for everyone’ for a spark of innovation.
Old Street has a buzzing nightlife scene, with plenty of places for post-work drinks – whether you’re after a pint, a cocktail or to go clubbing until the early hours. For a more sophisticated evening, wine and dine clients at The Clove Club, a highly-regarded and charming Michelin-starred restaurant with a superb tasting menu that’ll impress. Cocktails at Nightjar or rooftop Golden Bee will round out the night in style.
HOW DO I FIND OFFICE SPACE TO RENT IN OLD STREET?
If you can picture your business in an Old Street office space, we want to help make that vision a reality. Get in touch with our relocation consultants today, to create a bespoke office search or browse our portfolio of office spaces in Old Street. Whether you want a serviced start-up office in Tech City or a bigger space to fit your growing business, we have the experience, knowledge of the market and buying power to help you secure your dream Old Street office space today. Our team will support you throughout, carrying out building surveys, negotiating dilapidations and even project managing the office fit-out for you.
Benefitting from superb public transport links, a thriving business community, and the business hub that is Silicon Roundabout, Old Street remains a thriving cultural and business hub within London.
The Silicon Roundabout area is still the go-to for tech and digital businesses looking to launch and scale up in London, and the growth-led business that exists their make the local entrepreneur community and thriving and vibrant place. If you’re looking for business advice from similar founders, or to tap into the local talent pool from some of the multinational firms that have offices there the Old Street area works for both those in tech, and indeed any other industry.
With high-spec offices often available from tech businesses, as well as lower-cost options for those looking for a space to become the world’s next unicorn business, Old Street will be a popular choice for those looking to start a business for many years to come.
Despite being part of London’s infamous Tech City, office space in Old Street can be found for as little as around £25 per square foot. Depending on your exact requirements, specifications, and location, this can vary wildly — for example, a high-spec office close to Silicon Roundabout can cost as much as £80 per square foot (and even more than that in some buildings, particularly those formerly designed and fitted out by the tech giants).
If you’re unsure how to get the most from your office relocation budget, contact Making Moves who know the area inside and out.
Being part of London’s Tech City means that a number of high profile businesses have office spaces in Old Street, including Google’s Campus and DeepMind sites, Last.fm’s headquarters, and VICE UK’s media operations. The area is a hotbed for startups and accelerator programmes, which has attracted TechHub, Founders Factory, and Seedcamp to the area, providing services and community for the ever-growing scene of growth-focussed tech businesses.
Microsoft also has a presence in the Old Street area, meaning large scale multinationals sit alongside challenger brands and unicorns looking to take on the world. Even if you’re not in the tech or creative sectors, an office space in Old Street will put you among good company, and help your business to be among the city’s best companies.
Due to its popular location and high demand for spaces, parking in Old Street can be difficult, but is possible. Using a parking app to find and book a space is an option that might yield success, as many on-street spaces are heavily restricted, sought after, and often very expensive. That said, there are large, covered car parks in the area, such as the NCP at Broadgate (around £20 for 2 hours), or even at Old Street Station (prices vary, though parking can be found for £12.50 for 24 hours).
Many of the hotels offer parking to non-guests, though this is often also expensive – the Holiday Inn Express on Old Street, for example, offers parking for £18 per 6 hours.
As ever in central London, it is often more sensible to use public transport, but parking can be found if planned in advance.
With the Old Street area and the wider Tech City becoming a hotbed for tech businesses, the standard of offices in the area has increased significantly over the last fifteen years. Since residents like Cisco, Facebook, and McKinsey took office spaces in the ‘Silicon Roundabout area, several older buildings were refurbished to a very high standard and are still incredibly desirable today. The EC1 and EC2 postcodes in particular are the most wanted postcodes and have seen the more significant investment, but for those looking for a more basic level of fit-out, budget and mid-range offices are also in abundance.
Office buildings which are converted industrial areas are commonplace, with incredible views of the city, and large glass frontages, but more basic converted older office spaces can also be found for those looking for something more affordable. Whether you’re looking to rent out multiple floors of a taller building like The Angel Building or The Bower, or just a room where you can launch a business, Old Street’s abundance of office space will make finding our dream space achievable. Not sure where to start? Contact our team of Old Street office space experts who have years of experience in sourcing offices within the local market.
With so many startup businesses located in Old Street, childcare options have grown in number. While there are a couple of schools in the area, childcare options are more focussed around day nurseries and pre-schools. Little Pioneers on Galway Street is recently refurbished and opens from 0730-1830, whereas King Square Community Nursery (Central Street) looks after babies and children from three months to five years old. There are more than a dozen nurseries within a ten-minute walk of Old Street station, so if you’re working in the area, it shouldn’t be impossible to find childcare at multiple price points that are convenient for your working hours.