Office space in Clerkenwell is in high demand, being centrally situated within London and enjoying excellent business and transport links with the City. It has always combined residential and commercial purposes to create a vibrant, bustling part of the capital.
Clerkenwell has 417 office buildings offering a total of 6,461,463 sq ft of floor space. At the end of 2015 availability was down to 4.3% with an average asking rent of £50.57 per sq ft. The best office space will cost up to £65 per sq ft but good premises can be found for £40-45.
Transport within Clerkenwell is good, with varied methods offering access to the region. Nearby Underground stations include Barbican and Chancery Lane, while Farringdon station offers mainline links to the rest of the city. The area is also due to receive a big boost through the Crossrail scheme.
Known as London’s ‘Little Italy’ from the mid-1800s, it is now a fashionable district famed for its restaurants and historic pubs. The region was named after the Clerk’s Well just off Farringdon Road, which was rediscovered in 1924 and part of which is still visible inside a building called Well Court.
The area has a rich history, being predominantly residential until the Industrial Revolution, during which it was heavily built upon, filling up with breweries, printing factories and craft workshops, many of which still are still running today. Watch making and mending were closely associated with the district, and several 19th century delicatessens still ply their trade on Clerkenwell Road and the surrounding routes. There is a strong retail presence on the main streets of Hatton Garden and Gray’s Inn Road, both of which bring considerable trade to the area.
Many structures have undergone considerable gentrification in the last few decades, with old warehouses being converted into apartments and rented office spaces. Clerkenwell was also designated a part of the new East London Tech City in 2010, forming the 3rd largest technology start-up cluster in the world. This has opened up fantastic networking and contract opportunities for local businesses, prompting a surge forward for the district’s economy.
We have a comprehensive range of premises across the district, from traditionally fronted terraces to modern streamlined buildings, ranging from 500 sq ft to over 2,000. If you think that letting one of Clerkenwell’s office spaces is the next step for your company, then speak to Stuart Neils to discuss the available properties today.
Stuart Neils & Co Limited, 9 Staple Inn, London, WC1V 7QH T: 020 7493 0077 F: 020 7493 0008 | Site design Expdesign