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Coworking space provider Huckletree is to open sites at Liverpool Street and Kensington as part of expansion plans that will take its total footprint to more than 250K SF in the UK and Ireland.
The company recently opened a new hub in London’s Oxford Circus dedicated to serving Web3 and AI companies scaling across the capital. Tenants include SurrealDB, which raised $6M for its database-as-a-service offering in January.
It said that the occupancy rate had now reached 80% of the total space.
The next two planned openings are part of Huckletree’s wider expansion plans to launch an additional 140K SF of coworking and flexible office space within the next 12 months.
Opening in September, Huckletree Liverpool Street will span four floors and 35K SF at the newly refurbished 199 Bishopsgate building. Looking to attract up to 50 businesses, the space will focus on catering for fintech and innovation players.
Huckletree Kensington will open its doors in early 2024 and will provide six floors of turnkey, flexible office space within a a freestanding building by Kensington High Street tube station.
“This growth will allow us to build an innovation community in Kensington and support the burgeoning fintech ecosystem around Liverpool Street. Our current network of hubs across London, Manchester and Dublin is testament to the infrastructure that we have built since we launched in 2014,” Huckletree co-founder and CEO Gabriela Hersham said in a statement.
In its newly released report on the London office sector for Q2 2023, adviser Carter Jonas said that the period had witnessed “robust demand” for serviced and coworking space in the capital.
During the second quarter typical rents have ranged between £700-£1,000 per desk, per month in the West End and £550-£900 in the City, depending on quality and micro-location, it said.
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