Cheap London coworking spaces 2022: Top 5 from under £100 a month

It might feel like wishful thinking to use the phrase ‘cheap office space in London’, given that coworking, serviced offices and office leasing costs are, on average, more expensive in London than anywhere else in the UK.

However, post-Covid, there has been a boom in coworking office space, with tons of independent options coming to market, bringing competitive pricing with them. We think the most affordable coworking option in London is hotdesking at Icon Offices. Priced at just £60 a month per user, an Icon hotdesk plan is great value, as you also get strong business support and a long list of perks and incentives.

Plus, as the world moves towards hybrid working, there has never been a wider range of providers offering flexible payment packages for hybrid or part-time workers in London.

To help you find the best option for your small business, we’ve collated a list of the best cheap coworking spaces in London – all of which offer full-time membership for less than £150 (plus VAT) per month. Read on to find out exactly what you’ll get for your money, and what each of these affordable spaces brings to the hotdesk.

Want a quicker solution? Use our specially-designed coworking cost comparison form to receive custom quotes for office space in London, so you can be sure you’re getting the best value option for your money.

Icon Offices
Best for: Affordability

Price: £60 (including VAT) per person, per month
Location: Chadwell Heath, East Ham, Ilford

What will I get for £60 per month?

With this membership, you’ll be able to hot desk at your chosen site’s shared business lounge between 9am and 5pm, Monday to Friday.

What is an Icon Office like to work in?

The cheapest provider on this list, Icon Offices offers a choice of three service office spaces in East London. This means that utility bills and a receptionist service are included in your monthly rent.

And if having a speedy internet connection is important to you, you’re in luck. Icon Offices has invested in having its own exclusive fibre optic cables laid beneath its buildings, meaning upload and download speeds of up to 100mbps are accessible in its spaces.

Icon Offices’ business lounges are bright and airy, with splashes of colour that keep the space contemporary. The company also ranks highly for new business support, offering services like brand and logo creation, as well as bank account formation.

As well as the lounge, the buildings are home to private offices and a meeting room that you can use for free once a day (£3 per hour after that). You can also choose to purchase a day office for 1-4 employees, priced at just £35 per day – a real bargain compared to large competitors such as WeWork.

Visit Icon Offices’ website.

What was Icon Office’s COVID response?

Icon Office is not just a building provider, but also acts as an expert small business support service. Because of this, the firm has performed relatively well throughout COVID-19.

Cleaning measures and other safety protocols have been introduced throughout all Icon Offices, and the firm has pushed its virtual office offering to enable sole traders and freelancers to isolate without risking business success.

What other plans are available?

WimbleTech CIC (The Workary)
Best for: Networking

Price: £65 (plus VAT) per person, per month
Locations: Avonmore, Brompton, Chelsea, Chiswick, Hanwell, Notting Hill, Welling, and Wimbledon

What will I get for £65 per month?

With Wimbletech CIC’s most affordable package, known as Flexi, you’ll be able to hot desk at your chosen The Workary facility. Prices vary across The Workary’s locations, ranging between £65 and £95 per user, per month.

What’s a Workary building like to work in?

With 10 offices located across London, The Workary is founded on a strong sense of community. So, if networking, skill sharing and collaborating is your thing, you’ll find a welcoming, productive home in one of The Workary’s modern-looking sites.

Despite its low price, The Workary offers plenty of benefits that are designed to help its members grow their businesses.

Such perks include:

• Invites to entrepreneurial events
• Free marketing and promotion of your business through The Workary’s comms
• Storage locker for £10 per month

Access to a members directory in which you can list your skills and services and connect with investors and mentors

Not to mention discounted access to local meeting rooms and event spaces – and the unlimited tea, coffee, biscuits and cold drinks on offer.

Visit The Workary's website.

What was Wimbletech CIC’s COVID response?

Although it closed during the first COVID-19 lockdown, most of Wimbletech’s sites were able to adapt to coronavirus operating restrictions and its many locations have been open for the past 14 months.

The company introduced social distancing measures and also permitted discounts for students, charities and voluntary organisations based near their sites, to stimulate the local economy.

What other plans are available?

As well as a Flexi, hot desking-style arrangement, tenants can also purchase the Fixed plan, which ranges in price from £95 to £165 per member, per month. This gives you a dedicated desk to sit at each day and is available at all locations.

Some offices, such as The Workary Caterham and The Workary Rickmansworth, offer private rooms which cater from either 4-10 members or 2-20. Costs vary depending on location, and can be billed either as a fixed rate or per person.

There is also an option for private rooms although again, this is only available at select locations. Prices start from £150 + VAT per month.

Regus business lounges
Best for: Prime locations

Price: £90 (plus VAT) per person, per month
Locations: Multiple London locations

What will I get for £90 per month?

Regus has a powerful property portfolio and with its business lounge package, you’ll get unlimited drop-in access (during business hours) to any of the company’s business lounges across the world.

What are Regus’ business lounges like to work in?

As you'd expect from one of the UK’s largest office providers, Regus’ business lounges are sleek, modern and stylish. The spaces are quiet, and feel completely professional.

They house printers, scanners and photocopiers for your practical needs, and members are eligible for discounted meeting rooms.

But how do they differ from Regus’ coworking and office spaces? Besides the lower price point, business lounges are designed specifically for drop-in hot desking.

With convenience at the forefront, you won’t only find them in city centres and business parks, but also in railway stations, airports and service stations.

With Regus’ business lounges up and running in over 2,000 locations around the world, fans of exploring different environments will likely get all the variety and convenience they need with this membership.

What was Regus’ COVID response?

COVID-19 created many issues for larger coworking providers, due to a sudden loss of tenants that sent rent payments falling dramatically. However, Regus’ operator, IWG has doubled down on expansion, seemingly expecting a strong economic recovery in 2022 thanks to the emerging demand for hybrid work options.

What other plans are available?

As well as being able to cowork in any Regus lounge, the company offers both Coworking and Office plans.

The former permits live receptionist areas and coworking access for £197 per month. The Office option provides private working space and office cleaning services, with prices costing from £348 per month.

Clockwise
Best for: Aesthetic

Price: £125 per person, per month
Locations: Wood Green

After opening their first location in Glasgow in 2017, Clockwise is now a national coworking chain. The company opened its newest London office earlier this year in the easily accessible location of Wood Green.

Positioning itself at the centre of its communities, instead of an opening party the firm instead launched a fundraising initiative for the local Tottenham Food Bank.

What will I get for £125 per month?

The Clockwise Club Lounge plan has lots of home comforts alongside its high quality workspace, and gives users access to breakout rooms, kitchens, and plenty of complimentary refreshments. Smart-looking and with beautiful outdoor terraces, these buildings are not only for practical use, but also feature gorgeous designs for you to enjoy while you work.

Plus, users can access the member portal, which is a designated area for networking and business collaboration, and collaborate with local artists to display unique pieces for the space.

What’s Clockwise like to work in?

As its name implies, Clockwise is focused on time efficiency. Spaces are available to occupy just 24 hours after enquiry, and its contracts are all rolling – designed to prioritise short-term or flexible options for users.

How was Clockwise’s COVID response?

If the company’s recent expansion didn’t tell you already – Clockwise has been one of the few success stories from COVID-19. As more people began asking for flexible or hybrid working models, Clockwise sensed an opportunity and began designing bespoke solutions for SMEs and individuals.

Social distancing measures have produced another opportunity for Clockwise; with furniture being cleverly laid out to create different areas of work within one space, termed ‘mini-Clubs’.

What plans are available?

All of Clockwise’s plans are available as rolling contracts so users don’t need to feel nervous about being trapped in a long-term contract.

There is also a handy cost calculator available on Clockwise’s website which tells you exactly how much money you’ve saved from purchasing a Clockwise workspace over a traditional lease. For a team of 5 employees, it claims to save you over £800 per month on rent, as well as over £4,000 in set up costs, for a total reduction of 75%.

Creative Works
Best for: Creative teams

Price: £70 per person, per month
Location: Walthamstow

Creative Works offers coworking spaces but it is, first and foremost, a community interest company. Since 1999, it has trained 10,000 young people in creative and media courses and is focused on supplying workspace for creative-based teams.

Only 13 minutes from Kings Cross, it has consistently been ranked as some of the most eco-friendly and socially conscious coworking spaces in London, and aims to supply office space fit for the 21st century worker.

What will I get for £70 per month?

For your hot desking package, you’ll get access to printing facilities, super-fast internet, and tickets to all Creative Works educational and networking events. Users can also get free teas, coffees, and breakfast.

What is a Creative Works building like to work in?

Whether you’re a photographer, an acoustic technician, or a sculptor, Creative Works is designed for creative working and has fostered a community of artists to offer support for its tenants.

As well as desk space and vibrant communal areas, other office perks included in the Creative Works plans are:

– Storage and bike racks
– In-house IT team
– Shower
– Nap pod
– Training programs

How was Creative Work’s COVID response?

Spread across 11,000 square feet of space, Creative Works is easily capable of supplying Covid safe working. Its five-step coronavirus secure charter outlines the measures it has taken to ensure safety for its users.

These include an initial risk assessment, frequent cleaning and sanitisation, enabling home working where possible, maintaining 2 metre distancing across every area of the building, and managing transmissible risk.

What other plans are available?

There are five different workspace solutions available through Creative Works which gives a great amount of flexibility. Drop-In passes for a single day’s work cost £20 per day, while a dedicated desk with Chalkboard walls, which you can use for creative brainstorming sessions, costs £200 per month.

Final Review

If none of these coworking spaces provide exactly what you need – you might prefer a dedicated desk, for example, or even a private office in a coworking facility – take a look at our guide to the best coworking spaces in London for a range of options for entrepreneurs with a larger budget.

If you’d like personalised help with choosing the best coworking space for your needs, simply fill in the form at the top of this page to receive individual quotes from coworking spaces that can provide what you’re looking for.

All of the information in this article is correct as of October 2021.