Leicester Office Space to Rent
Leicester city centre holds the title for the fastest rail link to London of any Midlands city, with a travel time of just 1 hour and 4 minutes into St Pancras which easily beats Birmingham New Street by 15 minutes. That coupled with office space desk rates starting from £86 per month for low-tier space makes it an attractive option for businesses looking for functional space with good connections to London but without Central Birmingham prices. Grade A space is limited in both the city centre and nearby towns of Hinckley, Loughborough and Ashby which is reflected in the cost of space which is predominately mid to low grade in terms of the fit out and additional amenities and facilities available to flex occupiers. – Last updated
| Budget tier | Essential | Comfort | Premium |
|---|---|---|---|
| From (£/desk) | £86/month | £150/month | £330/month |
| To (£/desk) | £150/month | £330/month | £510/month |
| Building grade | Refurbished / value | Good quality / mid | Grade A / premium |
| Where in the area | Enderby, Meridian, Warren Park Way, Ross Walk |
New Walk, King Street, Guildhall Lane |
St George’s Way, Granby Place, Museum Square |
The Leicester market
Who is based in Leicester
Leicester city centre sees the majority of businesses clustered around New Walk which runs south east from the centre and has a long history of being the main business district popular with accountants, business consultancies and solicitors. The cultural quarter draws creative and tech businesses.
Travel and Transport Links in Leicester
The hidden gem that is the Leicester to St Pancras train connection in 1 hour and 4 minutes is the stand out transport link for Leicester, made even more attractive with four fast trains an hour running. By road, the M1 and M69 offer convenient links to Coventry and out of town business parks in Enderby and Meridian.
What the office space is like in Leicester
The majority of office space in Leicester is older converted buildings, with Georgian town houses dominating New Walk and the traditional business sector. Business parks in Enderby and Meridian offer purpose built campus style office buildings. Leicester is lacking in Grade A space and so businesses should expect functional, comfortable space with limited amenities in the area with mid tier office space costing £150-350 per desk, per month. The limited supply of Grade A spaces means that in some of the most prestigious offices with the highest quality fit out and amenities price tip over the £500 per desk mark, rivalling Birmingham.
How does Leicester compare to other areas in the Midlands?
The trump card for Leicester above all other areas in the Midlands is the speedy rail link. The choice of quality office space does not live up to its rivals in Birmingham, Nottingham or Derby but the desk rate is well below Birmingham’s average desk rate of £375 per desk and is closer to £240 per desk on average meaning it is well worth considering as a serious option, especially if a London rail link is a high priority for businesses.
Frequently asked questions
How much does office space cost in Leicester?
Grade A office space is in short supply in Leicester and so the majority of space is lower grade but still comfortable and finished to a good standard meaning desks rates can be as low as £150 per month for flexible office space with the lowest priced budget space at just £86 per desk. As Grade A space is lower in supply it does command a higher rate of up to £510 per desk per month
How quickly can we move in?
Flexible offices are designed to be ready to occupy almost immediately. Provided you are not waiting for another business to move out you can be in within a matter of days once a licence agreement has been signed and you have paid a deposit which is typically equivalent to two months licence fees.
Do you charge occupiers anything?
No, our services are totally free to businesses and individuals seeking office space as we earn our fees from the office providers who advertise with us.
What team sizes do you work with in Leicester?
Anywhere from sole traders to businesses looking for 50 desks+. Generally most businesses we work with in the Leicester area are looking for smaller offices for 4-6 people but we work with all providers in the area so can often accommodate larger enquiries aswell.
Is the quoted desk rate negotiable?
Absolutely! Providers will usually quote list price and, once you have viewed a space and decided it is the right one for you there will be a number of factors that will impact on the price including length of term, added extras etc so there is always room for negotiation.
Which areas near Leicester should we compare?
The Midlands is well connected via road and rail so you have a number of options within easily commutable distance. Enderby and Meridian are the closest with business parks that are modern and spacious, then Derby, Nottingham and Coventry are all viable alternatives
Join happy ADAPT customers
After trying larger brokers, we missed the personal and bespoke approach. We went with ADAPT and saved over £50k a year! Highly recommended.
Adam, Director, Tech Recruitment Company
Team at ADAPT are quite simply amazing! They take the stress out of finding the perfect space. I saved a huge amount on our office too.
Victoria, Global Senior VP, SaaS company
I’ve worked with Kirsty for over 15 years. She continues to understand us and I can always trust her to deliver the best office at the best possible price.
Danielle, Sales Director, FlexSpace Operator