Although prices have gone up marketably over the last few years, Shoreditch and Old Street offer the closest options you can get to The City without paying City prices.
- Location in terms of distance to The City
- A price bracket down from The City
- Concentration of companies located in and around this area
- Lots of startups
- Known for tech and financial services
- Trendy cafes, bars and restaurants
- Mainland rail (north) and overground
About Shoreditch & Old Street
Since the late 90s when the dot.com era was really taking off , Shoreditch and Old Street have attracted large swathes of companies, primarily in tech, media and the finance sector. The attraction was simple: cheap rent within a mile of The City. Tech startups poured in, drawn by the price and the location that had potential investors sitting just minutes away. It wasn't long before the area was recognised for what it was becoming and the names Tech City and Silicon Roundabout were coined.
With the influx of tech companies in the late 90s and early 2000s came the regeneration of Shoreditch. While it can be argued that Shoreditch has lost some of its edginess and artistic appeal, the mix of its creative roots combined with modern startup culture has meant the area has become one of the trendiest spots in London with big name bars and restaurants on every street.
Because of this cheap office space in Tech City is much harder to find and startups have found themselves competing for space with the likes of Amazon, who moved in in 2017. That's not to say that deals can't be found though. Old Street and Shoreditch make up one of the highest density areas in London (read: the world) of serviced office space. All the big names like TOG, WeWork, Fora, Regus have centres on or close to Silicon Roundabout and there are plenty of other providers to choose from in the area too.
Finding office space here won't be hard but you may want to think carefully about where in the area you want to base yourself. On the northern side you'll find yourself in the more trendy part with boutique stores, coffee shops and buzzing bars on almost every corner. As you head south and get closer to The City things get more upmarket, prices increase and the edginess fades away.
Wherever you decide to base yourself, you'll find the area has got plenty of transport links to other parts of the city or further afield. King's Cross and London Bridge are just 10 minutes away from Old Street, The City is just a short walk away and with Liverpool Street soon having Cross Rail, access to East and West Greater London areas is going to greatly increase too.
The main area of Shoreditch is known for its nightlife and with everything from traditional pubs to Michelin starred restaurants, Japanese whiskey bars to Circus inspired cocktail joints, it's easy to see why. Whether it's food, booze or just a coffee you won't have to go far to find something that suits.
To the south east of Shoreditch is Spitafields market and Brick Lane both infamous for food. Spitafield is open 7 days a week and is a perfect lunch spot: with more than 88 market stalls you'd be hard pressed not to find something to take away. Brick Lane might have originally becomes famous for the Jack The Ripper murders but it's now known for its Bangladeshi community and authentic curry restaurants.
Down the Old Street side the concentration of bars and restaurants thins out somewhat but there are still plenty of lunch and afterwork option around. If you're looking for something with a bit more of a buzz though, head back towards Shoreditch and you'll quickly find something that suits.