Derby Office Space to Rent
Office space in Derby is split cleanly between offices within the City Centre and Pride Park which is a business park near to the Train station. Grade A space is typically found in Pride Park and in the Cathedral Quarter in the City centre with desk rates of up to £500 per month for the most prestigious, amenity rich serviced offices. However the vast majority of space is £200 – £300 per desk, meaning the average desk rate in Derby is closer to £253 per desk, putting it at around half the UK average of £498 per desk per month which makes it an attractive option for budget conscious businesses. The main occupiers in Derby are aerospace, engineering, rail and professional services firms. – Last updated
| Budget tier | Essential | Comfort | Premium |
|---|---|---|---|
| From (£/desk) | £79/month | £150/month | £280/month |
| To (£/desk) | £150/month | £280/month | £500/month |
| Building grade | Refurbished / value | Good quality / mid | Grade A / premium |
| Where in the area | Litchurch Lane, Uttoxeter New Road, Green Lane, Clarke Street |
Friar Gate, Colyear Street, Sitwell Street, Nottingham Road |
Cathedral Quarter, Pride Park |
The Derby market
Who is based in Derby?
Derby has a high concentration of engineering driven businesses specifically within aerospace, automotive supply chain and rail with these businesses choosing Pride Park over city centre space. Within the city centre around the Cathedral Quarter and Friar Gate professional services and the public sector dominate the occupier profile. The city centre market is attractive to smaller local businesses due to the more cost effective spaces available from just £86 per desk per month.
Travel and Transport links in Derby
Derby station links direct to London St Pancras with the fastest travel time of 1 hour and 27 minutes (on average it is 1 hour 37 minutes) with up to 3 trains per hour. Derby station is more easily accessible from Pride Park that the city centre and so businesses who require regular train access would be better suited to the Pride Park area however the space available here commands a higher desk price starting at around £280 per desk per month. Most of the flexible offices in the city centre are within a mile of the station. Road connections, like the rest of the Midlands in general are excellent with the A38 connecting to the M1 to the east and west to the A50. East Midlands airport is only 9 miles from the city centre.
What the office space is like in Derby
Derby is similar to its neighbouring Nottingham and Leicester in that the city centre space is predominantly converted Georgian and Victorian buildings and the business parks are purpose built, campus style office complexes constructed in the 1990s. The city centre market is dominated by Grade B serviced office space and so occupiers can expect a more competitive price point but a lower grade of finish and less amenities on site, whereas Pride Park offers more of a range of space with some Grade A facilities commanding desk rates of over £500 per month due to a high quality fit out and more amenities on site. This desk rate, whilst high for the area, is held and competitive due to the lack of supply of quality space in the area.
How does Derby compare to other areas in the Midlands
The biggest plus point for Derby is the price of office space in the city centre which is significantly below the UK average of £498 per desk per month and sits instead at around £250 per desk per month. The most cost effective space in Derby along the city fringe actually falls below £100 per desk representing excellent value for comfortable space with limited amenities. Where Derby falls down against competition from Birmingham is the volume of quality flexible space available and also the distance of the city centre spaces from the train station.
Frequently asked questions
How much does office space cost in Derby?
Current rates run from £79 per desk per month for budget space in the city centre to £500 for the most prestigious offices in Pride Park and the Cathedral Quarter. The spread is dramatic but so is the difference in the standard of space.
I am a new start business, where in Derby is best?
If you are budget conscious the city centre is definitely the better choice for you, with some flexible offices on the fringes available for less than £100 per desk per month. You would find that these types of space have limited on site facilities and amenities like meeting rooms, reception services etc.
How much does it cost to find an office in Derby?
You do not pay ADAPT anything, we earn our fees from the office operators who advertise with us. Our service is impartial and we give you direct access to the operators to get transparent pricing and availability.
Why is Pride Park more expensive than Derby city centre?
The two main factors are quality of space and accessibility. Pride park office space is generally of a higher quality than that in the city centre with premium fit out and excellent on-site amenities such as fully manned receptions, break out space, even gyms and wellness suites on-site. The train station is also easier to access than from the city centre.
How do I get a quote for a Derby office?
Serviced offices are often available immediately, so inventory can change on a daily basis. If you fill in the form on the ADAPT website, telling us exactly what you need, we can ensure you get a customised quote based on what is currently on the market.
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