Opening a London Office: A Guide for US Companies (2026)
What a US company pays for a London office in pounds and dollars (median £475, about $630 per desk a month), the contracts, timing, VAT and entity questions, step by step.
Office space in Old Street costs a median of £550 per desk a month in November 2026, about 16% above the London median of £475, so a ten-person office runs about £5,500 a month all-in. That is across 16 priced centres out of 88 SquareFoot lists in Old Street, from the operators’ own asking prices; the middle half of the market sits between £349 and £675. Of the 27 London districts with ten or more priced offices, Old Street ranks 13 from the least expensive.
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What an office in Old Street costs, by team size (November 2026)
Grouped by the largest office each centre lets; a median needs 5 priced centres.
- up to 10 desks: £343 to £583 per desk (2 priced, too few for a median)
- 11 to 20 desks: £400 to £750 per desk (3 priced, too few for a median)
- 21 to 50 desks: £300 to £600 per desk (3 priced, too few for a median)
- 51 desks or more: median £650 per desk (7 priced)
Team costs at the Old Street median: 5 people £2,750 | 10 people £5,500 | 20 people £11,000 a month.
Team sizes on offer
70 of the 88 centres state the size of office they let. The median largest office is 30 desks; 62 centres take a team of 20 or more and 25 take 50 or more (largest listed: 400 desks).
Operators in Old Street
Recognised serviced operators and landlord flex brands with centres here: Derwent London (3), Fora (3), Knotel (3), Business Cube (2), Ingleby Trice (2), Metspace (2), Mindspace (2), Purpose Group (2), The Brew By Rent 24 (2), Airivo (1). Another 47 centres are listed by agents or landlords and are mostly quoted on enquiry.
Getting there
- Old Street (Northern; Great Northern rail)
- Moorgate (Northern, Circle, Hammersmith & City, Metropolitan)
- Hoxton (Overground)
- Shoreditch High Street (Overground)
Who sets up in Old Street
The roundabout that gave Tech City its name, between Shoreditch, Clerkenwell and the City. Converted warehouses and new office buildings with large floors; one of London’s densest clusters of flexible space for big teams.
Serviced price vs lease rent in Old Street
Converted, not quoted: £550 a desk a month is about £66 per sq ft a year at 100 sq ft per desk, £88 at 75 and £132 at 50, all-in. Knight Frank’s prime headline rent for no separate Knight Frank benchmark; Clerkenwell / Farringdon is nearest was £92.50 per sq ft a year in Q3 2026, before business rates, service charge and fit-out (Knight Frank, The London Office Market Report Q3 2026, published 3 November 2026).
How SquareFoot helps
Shortlist on the Old Street page or tell us the headcount and move date; our local team in London confirms availability and current prices, books the viewings and negotiates. Free for the tenant.
Counts and prices are from SquareFoot’s live London listings as of November 2026: 2,325 centres, 872 with a published asking price per desk per month, collected from the operators’ own pages. Derived and conventional-lease prices are listed but never counted in a median. Written by SquareFoot; reviewed November 2026.
Frequently asked questions
How much does office space cost in Old Street?
A serviced or coworking private office in Old Street has a median asking price of £550 per desk a month in November 2026, across 16 priced centres; the middle half of the market runs £349 to £675. Prices include furniture, internet, business rates and service charge; VAT is usually added.
Can a team of 20 or more find an office in Old Street?
Yes: 62 centres in Old Street list an office for 20 or more people and 25 for 50 or more. Larger suites and managed floors are often quoted on enquiry; our local team in London can ask for current availability and prices.
What are the nearest stations to Old Street offices?
Old Street (Northern; Great Northern rail); Moorgate (Northern, Circle, Hammersmith & City, Metropolitan); Hoxton (Overground); Shoreditch High Street (Overground).
Who rents offices in Old Street?
Tech and scale-ups, digital agencies, fintechs and startups moving from coworking to their own floor.
Related: every London office with prices · London office space prices by district · Serviced offices in London · Office space for 20 to 50 people · Office space for 50+ people · Mayfair · Marylebone · Fitzrovia · Farringdon
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