Coworking Space Old Street EC1

Coworking Old Street, London

The rise of the coworking scene in Old Street is closely linked to the remarkable growth of entrepreneurial activity in Silicon Roundabout, which had its beginnings in 2008. During the following years, the Old Street area emerged into the epicentre of the UK’s tech industry, attracting millions of pounds in investment and eventually drawing to the area a variety of businesses in related industry sectors.

One of the most defining moments in the local coworking scene came in 2010 with the establishment of Campus London, which mainly targeted local tech startups and made coworking space an integral part of the project. Within months, it had thousands of members, and from then on there was a sharp rise in coworking activity in the area. The 2014-2018 period was particularly auspicious for the coworking market in Old Street, since transaction numbers grew by nearly 70 per cent.

By 2018, the Old Street area was home to over 2,000 startups, 30 accelerators, and multiple shared office space venues. Currently, Old Street is part of the so-called Emerging City, which boasts the highest concentration of office floor space devoted to coworking in London. And in 2018, the Old Street / Shoreditch area topped the lists of new business centres, many of which offer coworking space.

Nowadays, Old Street and the surrounding areas are synonymous with innovation and considered the heart of the startup community in the United Kingdom. Hundreds of companies are based here, involved in sectors like software development, robotics, digital media, and healthcare technology. The rise of these industries created an opportunity for alternative forms of office space to develop, along with changing space requirements and the adoption of agile work practices.

Old Street Coworking Hubs

Coworking centres are mostly located to the north of Old Street Station, with some extending south towards Shoreditch High Street. As more coworking hubs came onto the market, prices decreased from average workstation rates of more than £580 / month in 2014 to £500 in 2018, and the rent prices have mostly levelled out since and just followed inflation - as a steady flow of providers continue to enter the market to meet demand. Nowadays, the Old Street area is considered one of the most affordable coworking locations in the city along with those in East London, Camden, and Westminster.

Coworking space providers in Old Street include WeWork, Techspace, and The Trampery. Closer to Shoreditch are hubs like Huckletree, Frameworks, Soho Works, Central Working, and Mindspace.

Flexible Workspace to Rent in Old Street - Silicon Roundabout

Hot desk space goes from £125 to £180 for part-time access or just under £300 / month for unlimited access. Fixed desk space averages £400 - £450 / month, but lower rates can be found in some Shoreditch hubs, starting at £200 / month. Furnished private office space with access to meeting and conference rooms starts at £750 for 1 person and goes to over £7,000 for teams of between 11 and 20 people.

Whether you're looking for an Old Street coworking hub, shared office space, fixed desk or meeting space, we can help you find what you need. We have Central London coworking space available including coworking memberships, hot desks and private offices, all with awesome perks and great facilities. Browse around or call us now on 020 3053 3893 and tell us what you require.