Located northern part of central London, rented office space in the King’s Cross area has seen a huge surge in popularity lately, largely due to the intense redevelopment currently being undertaken. With major international companies such as Google (who have agreed one of the UK’s biggest property deals of the 21st century and plan to open their new £1 billion headquarters in 2017), Facebook and Twitter all choosing to base themselves here, this is an ideal setting for seeking new clients and contracts.
Across the district, there are 147 office buildings totalling 3,753126 sq ft. At the end of 2015 availability was at 10.4% with an average asking rent of £55.84 per sq ft. Much of the vacant office space will have been due to the substantial regeneration and redevelopment projects, and is now gradually being reacquired. Presently, prime locations can cost up to £80 per sq ft but good premises can be found for £45-50.
The area also boasts excellent commuter links; its mainline National Rail terminus serves the entire North of England as well as Scotland, while St Pancras International is the Eurostar hub, linking London with Europe. There are several Underground stops nearby, both in the train stations and at Russell Square and Mornington Crescent via the Piccadilly, Northern, Circle and Victoria lines.
Named for a statue of George IV that originally stood at the crossroads between Pentonville Road and Euston Road, the district is now more synonymous with the famous Harry Potter book series. As a result, it attracts a high proportion of tourists following in the books’ footsteps, making it a fantastic location for any businesses wishing to capitalise on this increased footfall. Other notable points of reference are the Guardian and Observer newspaper offices in King’s Place, as well as the British Library next door to St Pancras.
We have a comprehensive range of offices to let in King’s Cross, with both tradition and modern façades on either a serviced or standard basis. Renting space here is proving an attractive proposition for many companies, especially those in the media industry. Furthermore, KXC, the latest development project based on York Way, will open up a multitude of new commercial buildings as well as five public squares, tow paths along the Regent’s Canal connecting the area to Camden markets, London Zoo and Regent’s Park, along with additional residential space.
All of this unites to create a vibrant, well-connected district with plenty of business opportunities to take advantage of. If office space within King’s Cross is what your company needs, contact Stuart Neils to discuss available rental properties to suit your requirements.