For businesses seeking new office space, Southwark is an excellent choice of rental location. Situated on the southern bank of the River Thames, surrounded by a rich tapestry of history, culture and tourism, and with several key commuter links providing easy access to the area, this is a favourite selection for both start-up and established companies.
The Southwark and Waterloo region has 597 commercial buildings, comprising 13,534,608 sq ft of space in total. At the end of 2015 availability was down to 3.5%, reflecting the popularity of the area, and the average asking rent was £51.65 per sq ft. The very best office space commands up to £70 per sq ft but good accommodation can be found for £45-50.
Three major Underground stations link the district to the wider city, at Borough, London Bridge and Southwark itself. Offices located here also benefit from two mainline rail stations and excellent road links thanks to the A2 artery route leading out of town.
This is one of the oldest parts of London, and originally was located in the borough of Surrey before being subsumed into the City of London. Geographically reaching from the Thames in the north down to Crystal Palace in the south, the main commercial and touristic draws are located in the upper half of the district.
Culturally, the Cathedral is one of the main attractions of the area, along with Borough Market and its associated restaurants and cafés. The area is historically a centre for arts and entertainment, with three renowned theatres – the Globe, the Rose and the Hope – all originally based here. Southwark is also home to a growing number of office developments dedicated to legal and financial services, and notably hosts the headquarters of the Financial Times newspaper, the Crown Prosecution Service, and City Hall.
The district is also benefitting from a local BID scheme aiming to regenerate the region, and already new retail, social and commercial spaces can be seen along key routes such as Blackfriars Road and Union Street.
As a result of this economic boost, Stuart Neils have plenty of options for offices to let around Southwark including both modern and traditional re-developed properties. Premises range from 700 sq ft to over 2,400 sq ft depending on your needs, and can be leased on either standard or serviced terms.
If you think renting some of Southwark’s office space sounds like a good decision, contact Stuart Neils today to find out more about our available lettings.