Are you planning to do business in Lambeth and Southwark? Office space in the two London boroughs are plentiful, with the advantage of being in close proximity to the iconic London Eye, the Southbank cultural area, and within a quick walk of London’s vast bus, rail and tube network.
Two of the biggest employers in Lambeth and Southwark are NHS foundation trust hospitals. Guy’s Hospital at London Bridge, and St Thomas’ Hospital at Waterloo are two of the largest in London, servicing the South East boroughs. The Novotel London Waterloo in Lambeth Road puts a premier hotel establishment in the vicinity, which is attractive to business travellers. Shakespeare’s Globe Theatre, the Tate Modern, Borough Markets, The London Eye, and surrounding retail and restaurant establishments provide a flourishing local employment market. Easy access to the Palace of Westminster and surrounding offices makes locating in Lambeth and Southwark attractive for businesses.
More famous office space for let in Lambeth and Southwark is The Shard, London’s tallest building, and a design icon. Other buildings include Westminster Business Square, Chester House (within the huge Kennington Business Centre complex), Southbank House, Lincoln House and Union Court (to name a few).
New Developments Planned for Lambeth and Southwark Business Area
Recently designated a Business Improvement District (BID), the Mayor’s of Lambeth and Southwark are working together to create a South Bank which provides a premium environment for private industry to flourish. This includes the mass development of office space building currently taking place between Lambeth Bridge and Blackfriars Bridge. The delightful curvature of the River Thames between those bridges provides ample development space for river view offices. 2015 is sure to see premium office rentals become available. If you’ve been past the area lately, the presence of cranes and scaffolding is testament to the expansion going on right now.
The average cost of office space per square metre is difficult to assess, as it depends on the level of luxury required, office services provided, and location required. In general, the south west corner of Lambeth is cheaper than Southwark near The Shard, with prices ascending as you go north-eastward from south Lambeth, along the curvature of the river. Inland is cheaper than a riverside location. The further you are from a bridge crossing, the cheaper the location, the further from a transport link, the cheaper the rent.
Price by Workstation in Lambeth and Southwark
The Shard – Southwark’s Glittering Office Space
Lambeth and Southwark is experiencing a huge business makeover, with the community, local government, and local businesses, behind expanding the area towards welcoming business investment and dynamic office spaces.
For further reading on London’s Top Business Locations click here.