Property Description

When listing the office space in Tower 42, is tempting to use adjectives as we do with the titles of many of our office space listings, however, certain office buildings are so recognisable and distinguished that we sometimes struggle to do them justice.

That is the case for Tower 42 – standing stoically in the heart of the City since 1980, it has witnessed major shifts in global leadership, technology, swings in markets and, most significantly, the way that the world works.

Also known to many as the Natwest Tower, it was the tallest building in the United Kingdom from 1980 to 1991, overlooking the ‘Yuppie’ era of the City. A time when London’s main Financial District was buzzing with workers putting long hours in at the office and playing just as hard out of the office, too.

When Tower 42 was completed, companies most commonly leased office space on long-term agreements often for 15 years or more. The world of work changed significantly in the 2020s, though – whilst many companies still rent office space on a conventional leasehold basis if it is right for them, many are seeking flexible office space and workspace solutions.

This often looks like fully serviced and furnished offices on flexible and shorter-term contracts, and Tower 42 offers a wide range of these.

The rent paid for private offices is often in the form of a monthly fee as opposed to paying rent quarterly in advance and often covers overheads such as utilities, cleaning, service charge, building insurance and other items that would normally be managed separately with a leased office.

These products are preferred by companies seeking agile, low-commitment business space solutions that offer protection from recessions and other adverse market conditions.

Other modern solutions include coworking desk space memberships. Whilst business lounges in the City have been around for many years, there has been a large wave of coworking buildings opening up in the City since the early 2010s.

These offer hot desks and dedicated desk spaces that are hired via a monthly membership plan. These are popular with individuals and, increasingly, with companies seeking corporate coworking space solutions. Tower 42 offers a range of coworking desk options.

With the rise in remote and hybrid working practices, there has also been an increase in companies seeking on-demand workspaces for in-person collaborative sessions.

These need to be easily accessible and highly equipped. Tower 42 offers a suite of differently sized meeting rooms that can be hired by the hour.

With advances in technology, the business world has also seen a rise in remote business owners. Many of these like to use virtual offices to present a prestigious business address and to shield their residential address. Tower 42 offers a range of virtual office packages that offer mailing services as well as additional services such as business telephone services.

If you would like to view the office space available at Tower 42 or would like further information, then please do get in touch as we would be delighted to assist you.

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