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Soho is a vibrant, fashionable area located at the heart of the West End, near Covent Garden. Traditionally home to trendy media industries such as film, television and post-production companies, increasing commercial demand has caused rents to skyrocket in recent years, and the types of businesses taking up Soho office spaces has broadened significantly.
Famous as a central hub of London’s thriving art scene in the 1950s, and known for being the city’s red light district, the area has improved considerably since the early 1980s, and aside from an abundance of tourists flocking to the area’s vast array of shops, Soho’s lively history now draws interest from a variety of companies, attracted by its edgy reputation and cool, dressed-down corporate atmosphere.
The diversity of businesses taking-up space in Soho also means that the area offers a wide range of different offices and floor plates. Carnaby Street provides a famous centre for this popular location, and companies looking to rent in Soho can expect a stylish setting that is always at the cutting edge of London trends.
There is a buzzing party culture in Soho, which includes London’s Chinatown district, and it is renowned for its trendy cafes, excellent bars, and restaurants, which all provide ample opportunity to entertain clients, unwind after work, and generally add to the desirability of the area.
Soho office rents start from £57.50 and can reach as high as £95.00 per square foot, with business rates ranging from £25.00 to £36.00 per square foot. Taking service charges into account, an all-in cost for Soho’s commercial space can be estimated at £91.00 to £147.00 per square foot.
Transport links in Soho are outstanding, if a little busy at peak tourist times. Four tube stations operate at each of the area’s four corners: Oxford Circus, Tottenham Court Road, Leicester Square and Piccadilly Circus, providing services for the Bakerloo, Central, Victoria, Northern and Piccadilly lines. Soho’s transport links will be even better when Crossrail is complete, and by December 2019 the Elizabeth line trains from Tottenham Court Road will be able to reach Heathrow Terminal 4 in 36 minutes. All stations are in Zone 1 and an annual travelcard costs £1,296.
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