Where to Find the Cheapest Office Space in London

London is one of the most expensive cities in the world, but finding the cheapest office space in London is still possible—if you know where to look. From budget-friendly coworking hubs to compact private offices in suburban zones, there are more options in 2025 than ever before.

Whether you're a freelancer, a startup, or scaling your team, this guide will show you exactly where and how to secure the cheapest office space in London.

Table: Top 5 Cheapest Office Spaces in London – Quick Overview

🔗 Reference: gov.uk commercial property trends

Why Office Space Prices Vary Across London

The price you pay for office space in London depends heavily on the borough, access to transport, and office type. Here's how:

 Central vs. Outer Boroughs

• Central London: Expect to pay upwards of £500/month even for a small desk.

• East/South London: Offers more affordable commercial real estate.

• Suburban areas like Ilford: Have modern business centres like Ilford Business Centre (IBC) starting from as low as £199/month.

Types of Cheap Office Space in London

To truly find the cheapest office space in London, you need to understand what kind of space you're paying for.

1. Hot Desks

• Cheapest option.

• Shared space in a coworking environment.

• Price range: £150–£250/month

2. Private Offices (Small Scale)

• For 1–3 people.

• Comes with added security and privacy.

• Price range: £200–£350/month

3. Virtual Office with Ad-hoc Access

• Great if you don’t need daily use.

• Mail handling, call answering, and part-time desk access.

• Price range: £50–£150/month

Best Boroughs for Cheap Office Space in 2025

🟢 Ilford – Top Pick for 2025

Ilford offers unbeatable value in East London. IBC (Ilford Business Centre) provides professional spaces starting at just £199/month. Facilities include:

• Fully equipped meeting rooms

• Staffed reception

• Superfast broadband

• Secure 24/7 access

👉 Explore IBC today at https://ibc.co.uk – Limited spaces available.

🟢 Lewisham

Lewisham has become a quiet alternative for professionals. While the location isn’t trendy, you get excellent rates.

• Great for solo workers and small startups.

• Access to DLR makes commuting easier.

• Starting from £210/month

🟢 Stratford

Still evolving post-Olympics, Stratford combines modern buildings with affordability.

• Coworking hubs dominate.

• Starting from £250/month for hot desks.

• Close to Westfield and transport hubs.

What to Look for in Cheap Office Space

Don’t just focus on the price. Make sure you consider:

• Internet speed

• Access hours

• Hidden fees (utilities, internet, cleaning)

• Security and reception services

• Lease flexibility

Here’s a tip: the cheapest office space in London might look cheap upfront but could cost more over time due to extras like heating or admin fees.

Is a Coworking Space Cheaper Than a Private Office?

Absolutely—most coworking desks start at £150/month, while even small private offices start at £200/month. However:

• Coworking = community, flexibility, shared Wi-Fi.

• Private office = privacy, dedicated resources, custom branding.

Both have their place, depending on your workflow and team needs.

Top 3 Flexible Office Providers with Cheap Packages

 1. Ilford Business Centre (IBC)

• From £199/month

• Free meeting rooms

• Virtual office services included

• Business mailing address

📌 Ideal for small teams or consultants looking to impress clients without paying a premium.

👉 Book your space: https://ibc.co.uk

🔹 2. Workspace Stratford

• £250/month for hot desks

• Great community feel

• 24/7 access and member events

🔹 3. Croydon Office Hub

• £225/month for flexible desk

• Business support services included

• Quiet suburban setting

How to Negotiate the Best Deal

Before signing any agreement:

• Ask for a trial period

• See if utilities are included

• Try negotiating if you commit to 3+ months

• Check cancellation policies

• Avoid long leases if you’re a startup

Red Flags When Choosing Cheap Office Space

Even when you find the cheapest office space in London, watch out for:

• No mention of security or fire exits

• Lack of client testimonials or photos

• “Too good to be true” pricing with hidden terms

• No access to basic amenities like tea/coffee or Wi-Fi

Remote Teams? Consider Virtual Office with Hot Desk Add-ons

If your team is hybrid or remote-first, a virtual office + hot desk combo is often the best value:

• Professional address

• On-demand space

• Call handling

• Meeting rooms for client days

These setups start at just £50/month, making them the cheapest way to maintain a London business presence.

Final Word

Finding the cheapest office space in London in 2025 is no longer a dream. With flexible lease options, growing boroughs like Ilford and Lewisham, and new coworking hubs opening up, it’s now realistic to scale your business in London without breaking the bank.

Don’t forget to visit Ilford Business Centre (IBC) at https://ibc.co.uk for one of the best value-for-money office deals in the city.