Renting Office Space in Canary Wharf – What Are the Costs?

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canary wharf

Canary Wharf is one of London’s premier business districts – but does an office space there come with premier pricing? Let’s take a deep dive into everything you need to know when looking for office space in London’s Canary Wharf.

Where is Canary Wharf?

Canary Wharf, London, is located on the Isle of Dogs and along with central London, makes up the city’s central business district. It was extensively developed in the 1990s to expand the business district and make the most of disused dockland, and today the area has a daily working population of 120,000 people. 

It’s famous as the home to many booming businesses across a range of different sectors. Some of the most famous names with offices or headquarters in the area include Barclays, HSBC, KPMG, The Economist Group and Morgan Stanley. However, it’s not just finance companies that are based in the Wharf. In fact, there is now a 55:45 split between technology and media companies and finance companies, proving that it’s a great location for all types of businesses.

What’s the cost of office space in London’s Canary Wharf?

London comes out at the top of the list for the most expensive office rentals, not only in the UK but in the whole of Europe. According to figures from the second quarter of 2020, prime office space in London costs, on average, €1,405 per square metre, ahead of Paris (€930) and Stockholm (€700).

However, despite the prestigious companies based there, Canary Wharf isn’t the most expensive area in London. Looking at data from the third quarter of 2021, Marylebone had the most expensive office space in London, averaging £92.50 per square foot. This was followed closely by Soho and Knightsbridge, with both areas coming in at £90 per square foot. Canary Wharf, however, had among the cheapest office space to rent in London, averaging just £50 per square foot.

If this has encouraged you to look into Canary Wharf as your new business location, then keep reading to find out more about some of our favourite offices in this thriving part of the city.

Canada Square

One Canada Square is 770 feet above ground level, making it the third-tallest building in the UK – so if you want to go to work every day in one of the country’s most iconic buildings, this could be the perfect option for you. Needless to say, this office has fantastic views, with facilities to match. Take on a fully-furnished office with both meeting rooms and co-working spaces so your team can work in the way that best suits them. The building also has an on-site gym and showers, so you can take a quick lunchtime workout or sweat off the day after hours, along with on-site catering to keep your team well-fed and happy.

Marsh Wall

This office offers fantastic views of the Canary Wharf skyline and the world-famous 02 centre, perfect if you want to feel inspired by an iconic view from your office windows. With 24-hour access to the building, you can offer fully flexible working to your staff, with a staffed  reception during the day to greet your employees and guests. There are bike racks and showers on-site, perfect for active commuters and, of course, you’ll enjoy superfast broadband and the best-quality facilities.

Harbour Exchange

These light and bright offices are the perfect choices for a wide range of businesses, ranging from start-ups to large corporations. We have an outdoor space, perfect for impromptu catch-ups on sunny days or enjoying well-deserved drinks after work. With secretarial and IT support included within your rolling monthly contract, this office has everything you need for your business to thrive.

Bank Street

Located on the 30th floor of a 32-storey building, the views from this office are unparalleled. Just a five-minute walk from Canary Wharf tube station, this office is easy to get to from all over London – and we have secure bike racks on-site as well, for those who prefer to commute on two wheels. Enjoy 24-hour access, superfast broadband, and a range of different work areas designed to help your team be happy and productive at work.

Churchill Place

This ultra-modern office in the heart of Canary Wharf will put you right beside some of the biggest names in finance and technology – but there’s also a number of entrepreneurs and start-ups based here, making it the perfect location to network with a wide range of different businesses. Surrounded by some of London’s best bars and restaurants, this office is perfect for teams who want to work hard and play hard.

Pepper Street

A stylish, award-winning business centre in the Docklands area, this office is beautifully designed, fully furnished and environmentally friendly.. We have secure bike racks and are just a short walk from the Canary Wharf tube station, and Crossharbour and South Quay DLR stations, so it’s easy to do your bit for the environment, too. With professional reception services, state-of-the-art IT equipment and stylish decor, it’s a 5-star experience for your business.

Find your Canary Wharf office space

With inspiring global businesses as neighbours, great local amenities and prices that are cheaper than you might expect, Canary Wharf is the perfect base for any business. Get in touch with us today to find your ideal office space.

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