Old Street is one of the most vibrant areas of East London. Its creative and tech industries attract a wide range of young professionals who benefit from affordable local accommodation, great transport links and a cycle-friendly environment. Close to the city and to the vibrant nightlife of Shoreditch and Brick Lane, Old Street is an exciting ‘sweet spot’ in East London which has led to an explosive growth of business and political interest in the area. There’s always strong demand from companies looking for office space to let in Old Street and the surrounding areas.
At the heart of the Government’s much-vaunted ‘Tech City’ project, the area around Old Street is better known locally as the Silicon Roundabout. It’s the heart of the UK tech industry, and boasts many global brands – not least Google. The business community in the area is dominated by tech start-ups, and also by web and media agencies benefitting from Old St. area’s great office space, affordable rents, and popularity among highly-skilled young professionals. Office space to let in the Old Street area is readily available, with small and large units – and even desks, widely available. Serviced office space is also found in and around Old St. For comparison, one might wish to consider office space to let in London Bridge, which has similar access to the city, but far less connection with the tech industry.
Transport links are centred on Old St. tube, which is located at the Silicon Roundabout itself. This has both underground and rail connections, lying on the Northern line. To the south lies Moorgate. This, and the Finsbury Square area, marks the transition from the Old St. and Silicon Roundabout area to the financially dominated city – with firms such as Bloomberg located in prestigious office space on Finsbury Square. There’s also an NCP at Finsbury Square, and one on Great Eastern St., offering convenient car parking. However, most workers in this district choose to use the tube or cycle. Alternatively, buses provide transport to many affordable residential areas to the north. To the East of the Old St. district lies Shoreditch High St. mainline station, giving overground rail links. Cycling is very popular in the area, and bikes usually outnumber cars on the streets locally. ‘Boris bikes’ are available at Old St. and near Finsbury Square. There’s also a bike dock by Shoreditch High St. Station. Selecting an office to let in Old St. that is close to cycle parking can be a smart move when it comes to attracting the right staff.
Food and drink is readily available in the area, which boasts a proliferation of independent cafes, as well as plenty of pubs and chain eateries such as Wasabi. There are plenty of places to get great coffee, and local food retailers are generally cheap, with lots of healthy choices. It’s a fashionable area, and great for networking within the industries located there.