This post was originally published in 2020
In light of the current easing of restrictions, a number of London’s office operators are offering highly-competitive deals on their spaces.
However, many businesses that know they’ll need a new office post-lockdown are reluctant to sign a contract now. Which is understandable—nobody wants to be paying rent on an empty office space.
But what people often don’t realise is this: many operators have made it possible to sign an office contract now, and start paying later, once restrictions are completely lifted…meaning you can make the most of the current offers, and get a brand new office at a bargain price. All in the knowledge that you’re not wasting money in the weeks leading up to lockdown easing.
The thing is, these deals won’t last forever. Here’s why you should sign now (before it’s too late):
Secure a great price
There are a number of benefits to signing for an office at this time. The main reason is that there are many competitive deals (see below) currently on offer from some of London’s most popular workspaces—from rent-free periods to shorter minimum terms.
And that’s just for starters. We distilled our data from Q4 2020 and found that, on average, operators offered Hubble tenants an extra 17.4% off their (already reduced) listing prices. Some top brands are even offering as much as 50% off right now!
Sign now pay later
Many office providers are also offering businesses the opportunity to lock in a deal now, but pay later—meaning you can make the most of the offers while they last, but only move into your brand new office (and start paying rent) once lockdown is lifted.
Avoid the rush
The office market is also likely to be very busy once life starts to return to normal. Whilst many businesses will be reducing their office footprint significantly, it’s anticipated that the majority will still be keen to have some form of physical office presence. After all, in our “Should We Ditch the Office?” Survey, we found that 71% of employees still want their company to have an office of some sort, and 22% are undecided.
With increased demand from people resuming (or starting) their search pushing up prices, office searches will become more urgent, and there will be less room for negotiation. Right now you have time, choice, and good value at your fingertips.
Flexible deals on the market right now
Below, you’ll find a selection of excellent deals currently being offered by some of London’s most popular flexible office providers:
Techspace
Locations: Whitechapel and Aldgate East
Deal: Sign up for a 12 month licence, and pay nothing until 1st August 2021
Storey – Wells Street
Locations: Oxford Circus
Deal: Private offices available from £870 per desk; £195 PSF, for start dates in August/July 2021
Second Home
Location: Spitalfields, London Fields, Clerkenwell Green and Holland Park
Deal: Secure an office for a 6 month+ contract in July and get 2 months free
Knotel – Farringdon Lane
Locations: Farringdon
Deal: Secure a spacious, fully fitted and furnished office for under £100/sqft
Adam House
Location: St James’s
Deal: 2 months rent-free on any 12-month agreements signed in February 2021
WorkLife
Locations: Camden, Hammersmith, Fitzrovia, Holborn and Soho
Deal: Don’t pay for an office until September—get two month’s free office space in July & August
UNCOMMON
Locations: Highbury & Islington and Fulham
Deal: Sign up for 12 months and take 50% off for your first 3 months—plus £349 per desk on private offices (Highbury & Islington) OR sign up for a 10 desks or under, and pay £399 per desk (Fulham)
Cocoon Global
Location: Liverpool Street
Deal: Up to 40% reduction on all office prices for the first 3 months of membership (for a limited time only!)
Capital Tower
Location: Waterloo
Deal: 3 months free rent on any 12+ month contracts
Hotel Elephant
Location: Elephant and Castle
Deal: Sign up for 12 months and get your first month free
First Base
Locations: Victoria
Deal: Move in before the end of September 2021, and get your 1st month free OR sign up for 12-months at First Base Victoria and get 2 months free—or 50% off your 1st month with no long-term commitment
Fosterwood
Locations: Oxford Street, Soho
Deal: Discounted price from £2450 to £2000 (18% off!)
Mount Pleasant Studios
Locations: Chancery Lane
Deal: Sign up for an 18-month contract and get your first month free—plus 1 month’s worth of rent to buy furniture for the space
Sloane Avenue
Locations: South Kensington
Deal: Sign up for 12 months and get 50% off the first month—plus 5 hours of meeting room use per month for free
Canvas Offices – Bethnal Green Road
Locations: Shoreditch High Street
Deal: Take a large, open plan office space from £300 per person, per month—with two private meeting rooms, as well as kitchen and dining areas.
Clockwise
Locations: Belfast, Wood Green, Cardiff and Cheltenham
Deal: Secure an office now and enjoy 1 month rent-free or 3 months with 20% off
3Space International House
Locations: Brixton
Deal: Sign up for 12 months and enjoy 2 months free at International House. Or receive 6 months rent-free on their 10th floor, 5,550 sqft office space if prepared to front the fit out costs.
LDG
Locations: Capper Street, Devonshire Street, Marylebone, Monument and more
Deal: 10% off all listings
Creative Works
Locations: Blackhorse Road
Deal: Sign up for a 6-month contract and get the 1st month free (plus 5 hours meeting room allowance and reduced rates for the following months)
Battersea Design Works
Locations: Clapham Junction
Deal: Sign up for 12-months and get the first two months free
WorkPad
Locations: Oxford Circus, Covent Garden, Tottenham Court Road, Piccadilly Circus, Baker Street and more
Deal: Sign a 12-month contract between now and August, and get your first two months free.
Targetspace
Locations: Holborn, Aldgate and Liverpool Street
Deal: 50% off on all offices for 2 months if you move in by 31st of July, and 1 month if you move in by 30th August 2021
Boutique Workplace
Locations: Mayfair, Blackfriars, Marylebone, Fitzrovia, Soho, Covent Garden, Victoria, Kings Cross, Farringdon, Liverpool Street, Bank, Shoreditch, London Bridge, Wimbledon and Ealing
Deal: Sign a 6-12 month contract before June to secure private office desk rates starting from just £99/ person
Whitechapel Think Factory
Locations: Whitechapel
Deal: Sign up for a minimum of 6-months and get your first month free—plus 4 Hot Desk visits for £50 and 8 Hot Desk visits for £100
Eat Work Art
Locations: London Fields, Dalston Kingsland
Deal: Sign by the end of July and your move-in costs will be covered up to £250 + £200 (Resident Experience Voucher to be redeemed at our sites’ selected retailers*
Targetspace
Locations: Holborn, Aldgate and Liverpool Street
Deal: Enjoy a 50% discount on all offices—the number of months given will depend on when the client moves in* (2 months at 50%—move in by 31st July 2021 OR 1 month at 50%—move in by 30th August 2021)
The Library – Bloomsbury
Locations: Bloomsbury
Deal: Sign up before July 31st 2021 and enjoy a 20% discount on fixed desks OR 30% off on private offices during your first month
Blount Street
Locations: Stepney Green
Deal: Sign up for a minimum 3 year contract and move in by September 1st to receive 2 months rent-free on months 4 and 13.
329Deskshare
Locations: Kennington
Deal: 2 months free when you sign up for 12 months
We’ll be refreshing this page as and when new deals become available, so we’d recommend bookmarking this blog to ensure you’re up-to-date with the very best offers on the market.
Find the right workplace solution for your team
Whether you’re raring to get the whole team back to the office or you’re looking for more cost-effective hybrid options, our team can help you find the right workplace solution for your company.
The best part? It won’t cost you a thing. In fact, our expert advisors will actually save you money. Explore your options now:
