Desk Space in Trading Floor /City of London

Mar 19, 2002
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London
#17
Seems like there is massive over-capacity in co-working space right now in London and there's much more coming on line soon, eg Wework Waterloo 280,000sq feet of space. Weird that there's virtually nothing in Canary Wharf though.
 

Trading Spaces

Active member
Jul 9, 2010
338
11
28
#18
Seems like there is massive over-capacity in co-working space right now in London and there's much more coming on line soon, eg Wework Waterloo 280,000sq feet of space. Weird that there's virtually nothing in Canary Wharf though.
They are packed. It took me months to get a dedicated desk.
 

options-george

Active member
Jan 1, 2006
485
91
38
London
#19
Seems like there is massive over-capacity in co-working space right now in London and there's much more coming on line soon, eg Wework Waterloo 280,000sq feet of space. Weird that there's virtually nothing in Canary Wharf though.
The prices for desks still seem to be quite high though, IMHO, regardless which venue you look at.
 
Sep 21, 2014
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#21
WeWork are nice venues but you do pay for the privilege.

Agreed WeWork are nice venues but you do pay for the privilege.

As mentioned we have desk space by Bond Street at 400 pcm all inc and may have availability in Canary Wharf in the next month or so at approximately 500 per desk.

The value add with both venues comes in with our volume rebates which when netting off makes a real difference with some traders paying zero desk fees with the standard spread/commissions.

Note the volume rebates are also available to traders not taking up desk space.
 
Jul 9, 2010
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#29
Mar 19, 2002
19
0
11
London
#30
Maybe you are right. Blackstone private equity bought the office group. Put prices up and are now offering 1/2 price for six months coworking.
Wework are expanding extremely fast. I think everyone must be a) terrified and b) trying to lock in the body supply during their peak launch window.

Us&Co offering 1-month free at Monument/Tower Hill if you stay at least 1 month.