A guide to serviced offices and office space to rent in Newcastle, as well as general information that may be useful if you are thinking of renting office space in Newcastle.
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The City
The city of Newcastle, on the north bank of the Tyne River, is one of the most vibrant and interesting places to visit in the UK.
The origins of the city stretch back to Roman times, and it was Emperor Hadrian who built its most lasting monument with the famous wall that carries his name and still reaches right across northern England toward the Irish Sea.
Having been an important centre for northern Anglo-Saxon kingdoms throughout the second half of the first millennium, it was eventually given the name Newcastle by the son of William the Conqueror towards the end of the 11th century.
Over the last 500 years or so, Newcastle and its docklands, in particular, have become a hugely significant port for the north of England, supplying much of the country’s coal and earning a strong reputation for shipbuilding. These two areas of trade remained the principal sources of wealth and employment for the area for hundreds of years, as the city took a leading role in the industrial revolution and the shift to mass urbanisation.
Around 200,000 people now live in and around the city itself, with a further half-million across the rest of the Newcastle-Gateshead metropolitan area.
In recent decades, since the decline of its coal mining and shipbuilding industries, Newcastle has established itself as the primary business centre for the northeast of England and as a forward-thinking city with plenty going on.
Newcastle Gateshead
There are few finer examples of mid-19th-century architecture than those found in and around the city centre, with areas like Grainger Town and Grey Street regularly featuring high up on lists of England and Europe’s most picturesque urban areas.
The Tyne Bridge remains an iconic structure and a testament to the prowess of local engineers in the early part of the last century, but in general, the Quayside has been largely utilised entirely as a functional space and has become a hugely popular tourist attraction in its own right and one of the most attractive urban landscapes anywhere in England.
Both sides of the Tyne have been extensively revamped and reinvented over the past two decades, and the area has been at the heart of efforts to sell the NewcastleGateshead brand around the world.
Economy
Like many cities with a defining industrial heritage, Newcastle has needed to shift its economic focus considerably to compete at an international level. Coal mining and manufacturing businesses were the largest employers in the region for generations, but now industries like computer technology, retail and media are the driving force behind the local economy.
Office space to rent in Newcastle
There are many thousands of square feet of office space available to rent in Newcastle and its surrounding areas, with serviced offices proving particularly popular in the city centre.
Recent years have seen a number of major office space and business park developments spring up in areas close to the city, with major international operators like Balfour Beatty, EE, Sage and Santander, and the ‘Big Four’ professional services firms, establishing sizeable operations in the region.
In 2022, HMRC announced its future commitment to 463,000 square feet of space at Pilgrim’s Quarter, which was due to complete in 2025.
The building would accommodate approximately 9,000 staff, making it the department’s largest regional hub in the UK. The chosen building would be the centrepiece of the wider Pilgrim’s Quarter regeneration scheme, one of the largest commercial development projects in the North East.
Office take-up in 2022 totalled 239,410 square feet and was boosted by circa 15,000 square feet of acquisitions at The Lumen by Clifford Chance, Hay & Kilner, and Bank House by DAC Beachcroft.
There was also a 10,129 square-foot office letting to Lycetts at Bank House.
Newcastle office agents predicted that headline office rents would reach £30 per square foot in 2023, and that would most likely be achieved at Bank House, the BREEAM ‘Excellent’ building within the Pilgrim Street development.
In 2025, in terms of take-up by way of office lettings deals, Newcastle outperformed its 10-year H1 average by 37 per cent. In a year where several major cities outperformed their 10-year averages, Newcastle’s H1 overage was the largest of all the Big 9 UK regional cities.
This was driven by large pre-lets, including HMRC’s and others at Pilgrim Place.
Newcastle’s H1 take-up figure totalled 481,000 square feet, which also marked the strongest first 6 months of the year since 2019.
Q2’s take-up was relatively subdued compared to Q1; however, activity increased by 33 per cent in Q3 2025 to 190,200 square feet, in line with the 10-year average.
The largest city centre deal of Q3 was the Government Property Agency’s acquisition of 35,836 square feet at Bank House on Pilgrim Street.
Newcastle vacancy rate across all office stock fell slightly to 8.9 per cent as take-up outweighed the release of second-hand space.
However, the decrease in the Grade A vacancy rate to 0.7 per cent ranked it among the lowest in the Big 9 cities.
Prime rents in 2025 remained at £32 per square foot. However, the limited supply of freely available prime office space in the development pipeline is predicted to create upward pressure on headline rents.
This, in turn, may make new starts more viable for developers, increasing supply and stabilising rents.
16 flex space providers in Newcastle offer flexible alternatives to leased office space. These plug-and-play solutions include private, fully serviced offices, self-contained, managed office suites, corporate coworking memberships, and other flexible office space and workspace solutions.
Profiles of all providers in Newcastle can be seen here.
Tourism
The NewcastleGateshead marketing agency advises that the city is fast becoming one of the most popular conference and business travel destinations in Europe.
Careful attention is being paid by relevant parties to the development of the city’s tourism and business accommodation trade, and sites have already been earmarked as the right locations for a wave of new three, four and five-star hotels.
The visitor economy of the city is valued at around one and a quarter billion pounds annually, and the associated industry reportedly employs several thousand people. The city was voted as having the third-best nightlife in Europe and the seventh-best in the world at the Travellers’ Choice Awards.
Transport
The transport networks in and around Newcastle are extensive, with the local Metro railway system linking up with most of the region, including its central railway station, airport and ferry terminals.
It could hardly be more straightforward to get to Newcastle by road from either north or south, with the A1 charting a course along much of Britain’s east coast, but the train remains the swiftest means of arriving in the city. A variety of service providers deliver journeys into and out of Central Station daily, with London only three hours and a picturesque train ride away.
Around six miles north-west of the city centre is Newcastle’s International Airport, which carries several million passengers each year to any of 90 destinations worldwide and is the fastest-growing regional airport in England. A 20-minute Metro journey from the city centre will get you there directly.
Nightlife and culture
As its recent Travellers’ Choice recognition suggests, Newcastle has a long-established reputation as a fun place to visit and the perfect city for a night out. Stag and hen parties head to the Quayside or the Bigg Market in their thousands each year. The entertainment centre called the Gate is proving as popular with revellers as any of the more traditional venues. There is also a vibrant gay club scene in the city, as well as all manner of restaurants, bars, shops and nightclubs.
Theatre lovers won’t feel let down by Newcastle either, with several glorious buildings in the city centre staging performances throughout the year, most notably the 170-year-old Theatre Royal on Grey Street. A host of attractions and cultural activities can be spotted and enjoyed across Newcastle and the surrounding region all year round, with music, comedy and beer drinking usually at the heart of whatever is getting the Geordies excited.
Sport
When most people think of sport in Newcastle, they’ll think of the black and white stripes worn by the local football team. The Magpies are the only team in town and are virtually an obsession for lads and lasses across the north side of the Tyne.
You wouldn’t think it sometimes, but there are actually plenty of other sporting teams in Newcastle, with the Falcons rugby union squad in the Premiership and the Vipers ice hockey team keeping the crowds happy at the Metro Radio Arena. The city also hosts one of the most popular road races in the world – the Great North Run – which sees high-class athletes, as well as thousands of fun-runners, make the 13-mile trip from the coast to the city centre.
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