A guide to office space in London Waterloo
Waterloo is a district in Central London, and part of the Borough of Lambeth. The area is also part of the business improvement district known as Waterloo Quarter. The district has been charged with the goal of making Waterloo a better place to do business. They work with businesses to help secure funding in an effort to improve the area’s economic and physical environment. They also help companies work in partnership with organisations such as the Council and Transport for London. In recent years the district has seen many outdated office buildings refurbished to cater for the growing demand from businesses in the area and young professionals looking to move into the inner city. Waterloo remains the focus of modern design thanks to the iconic structures surrounding it, including the London Eye and the BFI Imax. These days it is seen as an up-and-coming district for trendy businesses from a range of industries and is particularly popular among creative agencies, becoming somewhat of a creative hub.
Located in the centre of bustling London, Waterloo attracts a number of young professionals who are looking to set up close to the West End and Westminster. The area itself is dominated by Waterloo Station, which offers easy access to the rest of London.
Waterloo is also the Central London terminus for South West Trains, providing the majority of commuter and regional services to South West London, Surrey, Hampshire, and Dorset. This attracts a lot of office occupiers who commute to Waterloo Station as well as those in surrounding London districts.
Surrounding buildings provide residents and businesses with a mixture of modern construction and Victorian architecture. This allows the area to maintain the industrial character it is known for. The district, located near the South Bank of the River Thames, also offers professionals a relaxing way to spend their break close to the water’s edge. Waterloo is connected to the Strand area on the North Bank of the River Thames by Waterloo Bridge.
Neighbouring areas - price comparisons, per person per month
| Area | Indicative price range |
|---|---|
| Waterloo | £450 - 650 |
| London Bridge | £500 - 900 |
| Victoria | £600 - 900 |
| City of London | £650 - 1400 |
Looking for an office in Waterloo
Because of its up-and-coming status in London, Waterloo has become a popular choice among business owners, offering companies the convenience of office space in a central location for less. According to our local sales specialist, James Bocking, the serviced office market is very buoyant in Waterloo but there is limited quality space available. He predicts that in the future, both the availability and prices of office space will rise as the district gains popularity among the working world.
Costs
The average price for private suites in Waterloo is around £700 per person per month. Keep in mind though that this is the price for fully serviced office centres that can provide a list of amenities including security, IT and administrative support.
Office sizes
Waterloo provides a full variety of office accommodation from basic serviced offices to ‘Grade A’ corporate space. This said, private suites still dominate the office space in Waterloo with the average size ranging between around one to six desks. However, co-working spaces are starting to gain popularity as more creative businesses set up shop in the district.
Instant Offices are able to help find companies a suitable office space no matter their size, and are able to accommodate most enquiries, from a single desk to 100 or more.
Why choose Waterloo?
Waterloo is seen as one of the most affordable central areas in London. With a community dedicated to improving businesses in the area, it is now one of the most up-and-coming in the city. The area also has a lot of investment in education including BPP University, giving business access to top graduates on their doorstep. With excellent transport links to the rest of the UK, the area is also a great choice for businesses looking to commute from outside of London.
For more information on the current state of the UK serviced office market check out our UK Flexible Workspace Review 2016.
Want to find out more?
If you’re looking to move into the area, or simply require more information, contact Instant Offices' specialist local consultants.
Email our team or call us and we'll be delighted to help you.