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Lothbury Office Space

Office space on and near Lothbury is associated with the mercantile and entrepreneurial roots of the financial heart of the City of London.

It was a part of the Roman settlement of Londinium, and its modern name is believed to derive from the word ‘burgh’, or enclosed area, belonging to Lotha’s or Hlothere’s people. Hlothere was a family name that dates back to the 7th century.

Lothbury is a short street between Gresham Street’s junction with Old Jewry and Coleman Street to the west and Bartholomew Lane’s junction with Throgmorton Street to the east. During the Middle Ages, the area surrounding it was populated with coppersmiths before later becoming home to a number of merchants and bankers.

Threadneedle Street became the home of the Bank of England in 1734 when it moved from Walbrook and borders the bank on the building’s southern side, whilst Lothbury borders the Bank on the building’s northern side.

Another building that represents Lothbury’s association with banking and finance is No. 41 Lothbury.

Its history began in 1833 when William Robert Keith Douglas gathered a group of business associates to consider founding a joint stock bank in London. The resulting entity evolved to become the National Westminster Bank, and 41 Lothbury became its headquarters office from the 1830s to 1984.

The office building, faced with Portland stone, rises six floors from the street and follows the gentle curve of Lothbury. And it was within the banking hall that a customer, in 1834, cashed the first cheque drawn on a bank in the City of London.

The building was granted Grade II* listing status in 1977, and its listing records features such as moulded architraves, marble fireplaces, a checkerboard marble floor, and bronze lifts.

Today, 41 Lothbury offers some of the most characterful office space to rent in the City. Following an elegant and sympathetic rejuvenation, it provides a modern state-of-the-art workspace yet retains all the characteristics that earned it a listing reserved for significant buildings of more than special interest.

The grand double-height banking hall now acts as a grand reception area for modern businesses that choose to rent office space in the property. Many of the bank’s offices have been converted into meeting and conference rooms equipped with the latest video-conferencing technologies.

41 Lothbury offers both office space for rent on conventional leasehold terms and short-term office space that can be let on licence agreements.

Aside from No. 41, businesses looking to rent office space on or near Lothbury have a wealth of choices. In the heart of the Square Mile, occupiers can rent prime office space in brand-new buildings and other gracefully rejuvenated period gems that now offer a premium modern workspace with state-of-the-art facilities.

Those seeking best-in-class office space in the City will find many variants around Lothbury and will also be afforded the choice of leasing space conventionally or opting for a more contemporary, flexible manner of occupying space.

Flexible office space and workspace alternatives to leasing include premium serviced offices, 5-star managed offices, and high-end coworking spaces.

These move-in-ready workspaces are instantly available, and clients can often secure contracts within hours of viewing. The terms are relatively short compared to leases, although options to extend are granted.

Options to expand into larger space midway through terms are also offered, allowing for unhindered business growth. Spaces are available on Lothbury for teams requiring space for 200 desks and above.

Aside from the flexible nature of the contracts, the all-inclusive pricing element is making these options increasingly popular with discerning businesses.

In contracts for offices held on a leasehold basis, the monthly rental fee includes overheads such as utilities, cleaning, furnishings, reception staff, and complimentary refreshments, to name just a few. Clients also have full access to breakout areas and other communal spaces and can book meeting rooms and boardrooms as needed.

The premium workspace providers that offer these spaces are forward-thinking and progressive. They offer space that is managed in an ESG-considered way, and their buildings offer amenities such as barista bars, gyms, and end-of-trip facilities such as showers, changing facilities, and bicycle storage.

The neighbourhood surrounding Lothbury offers an abundance of amenities, including bars and restaurants such as The Anthologist on Gresham Street and Coya on Throgmorton Street, hotels such as the Clayton Hotel at London Wall and The Ned on Poultry, high-end retail at the Royal Exchange and an array of coffee shops, gyms and other amenities.

Being in the heart of the City of London, those that occupy office space on and near Lothbury also enjoy excellent transport links. Bank Station is less than a five-minute walk away and is served by the Central, Northern, Waterloo & City lines as well as the Docklands Light Railway (DLR) line.

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