Coventry Office Space to Rent
The flexible office space market within Coventry is one of the smaller markets in the Midlands with around 10 serviced office buildings in the city centre, predominantly close to Coventry train station (within half a mile). The average price per desk is £209 per month meaning it sits well below the UK average of £498 per desk per month, however this is reflected in the quality of the space which is mainly mid or low-tier fit out quality. The cheapest office space is £85 per desk per month, with the most expensive Grade A space costing up to £365 per desk per month in the Friargate region. With strong links to the University of Warwick and Coventry University, the area is popular with advanced manufacturing, engineering and professional services businesses. – Last updated
| Budget tier | Essential | Comfort | Premium |
|---|---|---|---|
| From (£/desk) | £85/month | £150/month | £250/month |
| To (£/desk) | £150/month | £250/month | £365/month |
| Building grade | Refurbished / value office stock | Good quality / mid | Grade A / premium |
| Where in the area | Earlsdon, Westwood, Binley, Fletchworth Gate |
The Quadrant, Little Park Street, Bayley Lane |
Friargate, prime City centre |
The Coventry market
Who is based in Coventry
Coventry University (a city centre campus) and the University of Warwick on the outskirts are big influencers on occupiers within the market in Coventry and the close surrounding areas. This attracts research-linked businesses and graduate employers with professional services and consultancies choosing the city centre and automotive / supply chain companies taking a preference to the out of town business parks. Royal Leamington Spa is also a popular choice within the CV postcode and offers an additional 8 flexible office buildings to choose from.
Travel and Transport links in Coventry
The mainline train station is on the southern edge of the city and has direct links to both Birmingham New Street and London Euston making it a popular choice for cost-conscious businesses who still need connections to bigger hubs and the Capital. Motorway links to the M6, M69 and M40 are also easily accessible from the city centre giving access to the North, Leicester and Oxford to London respectively. The West Midlands cycle hire scheme is also fully operational within Coventry making is easy and convenient to travel around the centre for commuters.
What the office space is like in Coventry
With around 10 flexible office buildings in Coventry the available supply already deals a reasonably short list, however a mix of period styles and more modern high rise buildings gives variety of a style of space. Coventry is home to larger national suppliers of offices such as IWG as well as a collection of local independents. Grade A space is available within the newly developed Friargate near to the station and gives businesses the chance to operate from a prime office space but with prices of up to £365 per desk per month this is a more considered price point than cheaper spaces at sub-£100 per desk per month.
How does Coventry compare to other areas in the Midlands?
The main thing that stands out is how cost effective Coventry is in comparison to other Midlands cities such as Birmingham and Nottingham. Businesses can enjoy desk prices around 40% cheaper than some areas and still benefit from excellent train routes, however the trade off is the choice available with limited options compared to other areas. If a businesses is looking for functional, cost effective and no frills space Coventry could be a great solution.
Frequently asked questions
How much does it cost to rent an office space in Coventry?
Coventry offers great value for money with average desk rates sitting around £209 per desk per month for a premium city centre space. Cost effective, functional space can be rented for closer to £100 per desk per month. A mid-tier space ranges from £150 – £250 per desk per month.
How quickly can we move in?
Flexible office space is designed to move into pretty much immediately as it is fully fitted with furniture and full connectivity. Within Coventry most of our stock is core flexible space so you could be in within a matter of days.
Do you charge occupiers anything?
No. ADAPT is completely free to businesses looking for office space. We earn our fees from landlords and office space operators.
What team sizes do you work with in Coventry?
Generally businesses looking for an office for less than 10 people. Most of our Coventry clients are small, independent businesses or satellite offices for larger corporations so they often need smaller spaces. New start businesses, or those with less than 4 people we can assist with co-working or day passes to keep costs down.
Is the quoted desk rate negotiable?
Almost always. Providers tend to quote list price when you view an office and after that, once we know what length of term, exact space size etc you need there is often a deal to be had.
Which areas near Coventry should we compare?
Within the immediate CV postcode area you have Royal Leamington Spa, Rugby and Warwick all having flexible office space. Further afield there is Birmingham for premium office space and much wider choice alongside Derby and Leicester for a more cost effective comparison
Should I view all the offices in Coventry?
Although there is limited choice within Coventry the offices that are available do vary from Grade A space to the more functional and cost effective so it would likely be a waste of time to see everything. The main thing is to have a clear idea of what is critically important to you – do you need meeting room access? Car parking? Reception services? Once you have that sharp brief you will find it easier to narrow down.
Can I get a hot desk in Coventry?
Yes! There are a number of providers who will be happy to offer a hot desk (where you buy a pass on a daily basis and work from a communal area). This is a great option if you work from home and need a bit of a change or are on a tight budget.
What is the smallest office I can get in Coventry?
One desk offices are hard to come by as most sole traders or one-man-bands opt for a co work or hot desking solution to work around other people so usually it is 2-3 desks.
What is included in the desk price?
Flexible and serviced offices are ‘all inclusive’ pricing so if you are quoted on a per desk basis that means your rent, service charges, business rates, internet and other services are rolled into that price.
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.
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