Located in the heart of London, Old Street is a popular business destination. Dubbed Silicon Roundabout, this thriving East London hub is full of tech companies, creative businesses, and more.
There are countless commercial properties to choose from in the area. With plenty of choices for office space in Old Street, it can be difficult to ascertain which one would be right for you and your business.
To help with this, this article will explore the benefits of serviced offices in Old Street and the factors to consider to find the right fit for your business.
What to consider when choosing an Old Street office
When browsing the serviced offices Old Street has to offer, business owners must focus on their specific needs.
Every business is different, and every industry has its unique requirements. However, when choosing office space there are a few common factors to consider.
Location and accessibility
Like any other London suburb, office space in Old Street is all about location. To attract and retain top talent, business owners must consider proximity to transport links.
It’s also important to consider what other businesses and industries are prominent in the area. Shoreditch High Street is a prime example. Its quirky arts scene makes it ideal for businesses in the fashion, marketing, and creative industries.
Office layout
Some businesses require quiet spaces where employees can focus. Others need open-plan layouts to encourage innovation and collaboration. Some need both, with coworking spaces for
teamwork and private phone booths for concentration.
When searching for office space to rent in Old Street, look for furniture that you can arrange in different ways. Or, look for spaces that have dedicated break-out areas as well as office space.
Meeting room
Many businesses will need to use conference rooms at least semi-regularly, while others may only need them on occasion. To accommodate this, many office buildings offer meeting rooms to book only when needed. This is particularly useful for startups and small businesses looking to keep costs down.
Additional services
Some serviced office spaces come with access to gyms, on-site restaurants, reception services, and more. Some providers also offer custom offices for a more polished, professional, and personalised look.
However, not all offices to let in Old Street include these. It’s therefore important to check which amenities and services are available and useful to you.
Technology
In a hybrid working world, it’s important to make sure that your flexible office space in Old Street includes high-speed WiFi. Video-conferencing capabilities should also be a priority, to accommodate hybrid and remote working.
Flexible contracts
Whether your business expands or needs to downsize, it’s useful to have the flexibility to scale up or down as necessary.
Startups looking for office space in Old Street should consider short-term and rolling contracts. These provide the flexibility to add additional space as your business grows.
Why rent office space in Old Street?
From its excellent central location with transportation links to the unique business and talent-attracting opportunities, if you’re looking for a London office to rent, Old Street has a lot to offer.
Below, we explore some of the many benefits of choosing Old Street for your business location.
Thriving tech hub
The Old Street roundabout area played a significant part in the origins of the UK’s tech scene. Companies like Shazam, Funding Circle and UNRULY all started here years ago.
Today the UK has founded 49 tech ‘unicorns’, startups valued at over £1bn. The vast majority of these are still located in London.
Boasts excellent transport links
Serviced offices for rent in Old Street put your business within striking distance of numerous transport links. Overground trains are available from Old Street, Liverpool Street, Shoreditch High Street, Farringdon, and Moorgate stations.
Old Street Station provides easy access to the Northern Line. Liverpool Street Station also links to the Central, Circle, Metropolitan, and Hammersmith and City lines.
Connect with like-minded professionals
With industry clusters across Tech, Media, Finance, Fashion, and Entertainment in the nearby area, there are plenty of networking opportunities. Prominent venues for networking events include the Barbican Centre and The Loading Bay.
Innovation and creativity
Renowned for being an eclectic hub of arts and hipster fashion, the Shoreditch area is perfect for innovation and creativity.
Whether it’s art spaces like Red Gallery LDN or tech disruptors, placing your office among these creative minds can do wonders for business.
Access to talent
Thanks to its central location and reputation in the tech sector, Old Street attracts top talent. The neighbouring Borough of Camden is also home to 25,000 students and 11 higher education institutions.
Proximity to the City
Although Old Street has a reputation as a thriving hub of its own, it’s also close to The City.
Big banks and key players across professional services, tech, media, and publishing all reside within this ‘square mile’. Generating over £85bn in annual economic output, the area is a priceless hub of potential clients, investors, and employees.
Business support
Businesses who own or rent in Old Street can access advice and guidance via Islington Council’s business support services. COBRA (Complete Business Reference Adviser) is also available for entrepreneurs and small businesses.
Cultural appeal
Close to London’s West End but with a distinct character, Old Street is a cultural hub in itself. It has plenty of galleries, boutiques, coffee shops, and bars. This makes it perfect for entertaining clients and promoting work-life balance.
It’s also within easy reach to other areas with alternative scenes and creative cultures like Shoreditch, Camden, and Hackney.
Industries established in Old Street
Old Street is home to companies both big and small across a variety of industries. From giants like Amazon to successful startups like Unibuddy, serviced offices in Old Street London will put you in good company.
Technology
With Amazon’s 15-story London headquarters in the area, Old Street has a significant tech presence. Other notable businesses include Seedrs, Wise, and AI-driven BioTech researchers, Causaly.
Startups
Close to The City but a fraction of the price, Old Street is popular with startups across several industries. This includes FinTech, HealthTech, PropTech, and more.
Media and creatives
Thanks to its vibrant creative and social scene, Old Street is a thriving hub for advertising, digital marketing, and PR companies.
Finance
As the UK’s startup capital neighbouring London’s banking district, Old Street hosts key players in the finance sector. It’s also home to up-and-coming startups and disruptors like crypto asset advisor, Old Street Digital.
Entertainment
The Shoreditch and Old Street area is home to several prominent film and television companies, including Monkey Kingdom and Box to Box films.
Professional services
Old Street is home to numerous professional services companies. The Big Four of KPMG, Deloitte, PWC and EY all have head offices nearby.
Old Street office spaces to suit all business sizes
Securing office space in Old Street can unlock numerous benefits for your business. To help you find the right workspace for your needs, we’ve compiled a list of top office spaces in the area.
Shoreditch
The modern-industrial interiors of our Shoreditch centre match the character of Shoreditch itself. With high ceilings and plenty of natural light, it’s a great space for collaboration and brainstorming.
It includes several private office options, with contracts available by month or by year. This makes it a scalable and flexible choice for both startups and established businesses.
Highlights include:
● Disabled facilities
● Bicycle storage
● On-site sandwich/coffee bar
● Shower facilities
Information about Shoreditch
● Location: 25 City Road, London, EC1Y 1AA
● Starting cost: Private offices from £295 per person per month
● Opening hours: 24/7 for Private Office and Dedicated Desk members, reception hours for other members
● Nearby stations: Old Street Train and Tube Station (a four-minute walk away), Moorgate Train and Tube Station (an eight-minute walk away)
Old Street
With 27 storeys of space, our Old Street centre offers plenty of room for business growth.
It includes both private offices and breakout spaces for collaboration. It also boasts fantastic views of the London skyline, which is a great icebreaker for client and investor meetings.
Highlights include:
● 24-hour CCTV monitoring
● Bicycle storage
● Shower facilities
Information about Old Street
● Location: 167 City Road, London, EC1V 1AW
● Starting cost: Private offices from £255 per person per month
● Opening hours: 24/7 for Private Office and Dedicated Desk members, reception hours for other members
● Nearby stations: Old Street Train and Tube Station (a four-minute walk away)
City Point
The sleek and modern City Point centre is ideal for businesses that want to make a statement. The elegant glass exterior makes a great first impression for clients and investors.
Services like dry cleaning and an onsite gym and sandwich bar also offer something a little extra for client meetings.
Highlights include:
● Disabled facilities
● Gym and fitness room
● On-site dry cleaning
● On-site sandwich and coffee bar
● Secure underground parking
● Shower facilities
Information about City Point
● Location: 1 Ropemaker Street, London, EC2Y 9HT
● Starting cost: Private offices from £439 per person per month
● Opening hours: 24/7 for Private Office and Dedicated Desk members, reception hours for other members
● Nearby stations: Moorgate Train and Tube Station (a three-minute walk away), Liverpool Street Train and Tube Station (a 12-minute walk away)
Broadgate Tower
Located in an iconic glass skyscraper, Broadgate Tower is a place to see and be seen.
The private office spaces and collaborative workstations allow employees to operate in a way that works for them. There’s plenty of room to scale up and rent more space as your business expands.
The three-storey reception area also makes a great first impression on clients and investors.
Highlights include:
● Disabled facilities
● Elevator access
● On-site dry cleaning
● Sandwich service
Information about Broadgate Tower
● Location: 20 Primrose Street, London, EC2A 2EW
● Starting cost: Private offices from £335 per person per month
● Opening hours: 24/7 for Private Office and Dedicated Desk members, reception hours for other members
● Nearby stations: Liverpool Street Train and Tube Station (a six-minute walk away), Shoreditch High Street Train Station (a nine-minute walk away)
Moorgate
Modern, professional, and with a touch of cosy warmth, our Moorgate centre is perfect for businesses who need to entertain.
With plenty of natural lighting, it’s a great space for collaboration, innovation, and productivity. And, with over nine floors of office space available, it’s perfect for large businesses and startups.
Highlights include:
● Meetings rooms
● Breakout areas
● Open plan with natural lighting
Information about Moorgate
● Location: 30 Moorgate, London, EC2R 6DA
● Starting cost: Private offices from £489 per person per month
● Opening hours: 24/7 for Private Office and Dedicated Desk members, reception hours for other members
● Nearby stations: Moorgate Train and Tube Station (a three-minute walk away), Liverpool Street Train and Tube Station (an eight-minute walk away)
New Broad Street House
New Broad Street House combines Victorian charm and modern inspiration. Suspended ceilings and plenty of natural light create the perfect environment for creative minds to brainstorm and collaborate.
Highlights include:
● Disabled facilities
● Sandwich service
● Shower facilities
Information about New Broad Street House
● Location: 35 New Broad Street London EC2M 1NH
● Starting cost: Private offices from £439 per person per month
● Opening hours: 24/7 for Private Office and Dedicated Desk members, reception hours for other members
● Nearby stations: Liverpool Street Tube Station (a one-minute walk away), Liverpool Street Train Station (a four-minute walk away), Moorgate Train and Tube Station (a seven-minute walk away)
Establish a business presence with an office space in Old Street
There are plenty of office spaces to choose from in the Old Street area. The challenge is finding the best space for your business. Whether it’s day offices, meeting rooms, virtual offices, or coworking spaces, Regus can help you find the right space to work your way.
Search for your ideal office online. Or, for help finding the right space, talk to our experts today.
