Old Street is an area north of the City in the London borough of Islington, famous as a centre for street art with work by renowned artist Bansky appearing in the area on many occasions. Even Damien Hirst started out in nearby Shoreditch.
The area has recently seen a significant influx of new tech businesses which has created a technology hub known as The Silicon Roundabout, a term coined by David Cameron in a speech in 2010 when he became Prime Minister.
The area is a popular location for both residential and business property, helped by its excellent road and rail links as well as several Tube lines.
The areas around Old Street, Hoxton and Shoreditch have developed significantly in recent years as popular business destinations for start-up’s, tech companies and creative businesses all looking for a central location offering a wide choice of flexible workspace but at lower rates than the nearby areas of the City and West End. However, this rising popularity has seen rates in the area increase but Old Street still represents great value when compared to Liverpool Street or Bank nearby.
Old Street is well placed for transport connections to both the City and West End. With the opening of the Crossrail station at Liverpool Street and the redeveloped Farringdon station, Old Street will be accessible from the west of London and Canary Wharf in the east.
There is a wide selection of serviced office locations, managed and conventional office space on offer in the Old Street area. To get a real idea of what’s available to you start your search here.
Typical office pricing in the area: £350 - £650 per workstation
OTHER LOCATIONS IN THE AREA
Old Street is close to the following areas of London that are also worth consideration as a home for your business. All offer a wide choice of serviced offices and flexible workspace solutions.
Here are the indicative price ranges for workstations in each area (correct during 2016).
Liverpool Street – A central location with excellent transport links to the West End and east of the City. Crossrail will open here in 2018.
Typical office pricing in the area: £400 - £1100 per workstation
Clerkenwell – Having benefited from extensive regeneration over the last 20 years, Clerkenwell is a popular location for creative and media businesses.
Typical office pricing in the area: £400 - £700 per workstation
Farringdon – Recent regeneration has seen this area transformed in to a vibrant business and residential district.
Typical office pricing in the area: £400 - £700 per workstation
City of London – This popular area is home to many different types of businesses from the traditional financial, legal and insurance companies to business services, creative agencies and start-ups.
Typical office pricing in the area: £400 - £1100 per workstation
King’s Cross – Having undergone a significant regeneration programme over the last five years, this area will also benefit from Crossrail when it opens in 2018.
Typical office pricing in the area: £450 - £1200 per workstation
LOCAL TRANSPORT
Old Street benefits from a number of transport links connecting the area via several Tube lines as well as close access to major roads and bus routes. Its location means you are never more than 15 minutes from the West End and around 5 minutes from the City of London at Bank.
Tube stations: Old Street, Liverpool Street with Moorgate and the Barbican close by
Tube lines: Northern, Central, Circle, District, Metropolitan and Hammersmith and City lines. Download a handy Tube map here.
Mainline stations: Shoreditch High Street, Liverpool Street, Hoxton, Moorgate and Farringdon
Major road links: The A10 and A1 both lead to major motorway connections to the north
Nearest airports: London City, Heathrow, Stansted and Gatwick accessible via rail links
Buses: There are eleven bus routes to other parts of London including Lewisham, London Bridge, Waterloo and Paddington. Find out which buses serve this area here
Cycle: The area is served by six London Cycle Network bays. Find a cycle hire location here
Old Street is very well placed with easy access to the City and about 15 minutes to the West End, making it ideal for the excellent shopping located around Oxford Street and Tottenham Court Road.
This part of London offers a wide variety of places to eat. It’s proximity to the culturally diverse areas of East London have produced an area that boasts one of the widest choices of international cuisine. From the Thai dishes at Busaba Eathai, Chinese and Malaysian cuisine at Sedap just down from Old Street station to the Blues Kitchen which offers Cajun BBQ.
Old Street is just a stones through from the many bars and pubs that have opened around Shoreditch since the area underwent significant regeneration, creating a vibrant and interesting night life. The area is also a great place for Artisan coffee shops. The highly recommended Shoreditch Grind and the popular Central Cafe offer a great selection of coffees and snacks and are popular places to meet business colleagues and clients.
FAMOUS LOCATIONS AND LANDMARKS IN OLD STREET
Old Street has many famous landmarks and places of interest that are worth mentioning, here are just a few.
Columbia Road Flower Market has been a popular shopping destination for many years featuring many eclectic shops and an array of flowers and plants.
Barbican Centre is a short walk away and has a busy schedule of plays, films and live performances throughout the year.
The Geffrye Museum offers visitors a trip through the ages of British family life with interiors of homes that show how things have developed over the centuries.
Shoreditch Park in the north of the borough is a tranquil green public space that’s well worth a visit.
Moorefield’s Eye Hospital located near the Old Street roundabout is the world famous centre pioneering new research in to eye health.
FURTHER HELP AND SUPPORT
If you would like more information about Old Street as an area for your business please speak to a member of our team who can discuss workspace options and other areas close-by.
Call – 020 3031 8563
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