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The City of London, or The Square Mile as it is often called, is a leading driver of the London economy. The area has a huge annual output of £45 billion, and subsequently has earned a reputation as the financial capital of Europe. Unsurprisingly, The City is the preferred location for financial services and insurance industries, including The Bank of England, The London Stock Exchange, Lloyds of London, hundreds of commodity traders, banks, and foreign exchanges. The City of London provides a wide range of different office spaces, ranging from small period buildings to large iconic tower blocks such as the NatWest Tower and the Gherkin, with plenty of cheaper stock available for smaller companies that act as service providers to the core financial occupiers of the area.
Of course, this means its facilities are second-to-none. There is an abundance of trendy bars and restaurants for entertaining clients or unwinding after a full-on day working the markets.
The City commercial rents start from £45.00 and can reach as high as £75.00 per square foot for the most prestigious buildings, with business rates ranging from £16.00 to £21.00 per square foot. Taking service charges into account, an all-in cost for City offices can be estimated at £70.50 to £116.00 per square foot.
As the financial hub of London, and with 400,000 workers commuting into the area every day, it is unsurprising that the area is the best connected in the city, with six mainline stations – Liverpool Street, Cannon Street, Fenchurch Street, Moorgate, London Bridge and Blackfriars – and 12 Underground and DLR stops servicing the area. Crossrail will stop at Liverpool Street and Farringdon. The City is in Zone 1 and an annual travelcard costs £1,296.
View offices in the City.