Covent Garden offers a wide mix of commercial rental opportunities—retail units (shops, food & beverage), experiential/pop‑ups, and offices, especially in high‑footfall zones like the Piazza, Neal Street, Long Acre, Seven Dials, and surrounding streets. Key listings include:
Site C at Covent Garden Piazza via Location Live: external pop‑up / brand activation space, ~5.5m × 7m × 3m, from £15,000/day.
Retail units on Langley Court, WC2E: ~658 sq ft ground‑floor shop with asking rent approx £110,000 per annum.
Larger retail units in Covent Garden via Savills: e.g. 1,015 sq ft, 2,095 sq ft units on Neal Street. Terms are on application.
Office / serviced workspace around Covent Garden: managed suites, character‑rich offices, often fully fitted, in buildings like Craven House, Long Acre, Neal Street, Garrick Street. Prices vary according to size and finish.
| Type of Space | Approx Size | Typical Rent / Asking Price | What Drives the Cost |
|---|---|---|---|
| Small Retail Unit (shopfront) | ~600‑1,000 sq ft | £90‑£150+ per sq ft per annum, or ~ £100,000+ pa depending on frontage & footfall. | Frontage visibility, footfall (tourist + local), pedestrian flow, condition of unit, signage & access |
| Pop‑Up / Brand Activation | small external spaces | From £15,000/day (for high‑visibility small site) | Exposure, duration, branding rules, required setup & permissions |
| Office / Workspace | 400‑3,000 sq ft+ | Rents vary widely; smaller workspace suites might be £10,000‑£50,000+ pcm depending on location, condition, and fit‑out. | Fit‑out standard (CAT A, serviced, fully furnished), floor level, natural light, amenities, building prestige |
Lease Terms: Length, break clauses, permitted use (especially for food or F&B units).
Service Charges & Business Rates: These can add significantly to total cost; clarify what’s included.
Fit‑Out & Infrastructure: Power supply, ventilation/extraction (if food), loading/delivery access, lighting.
Frontage & Branding: Visibility from Piazza and thoroughfares, signage permissions.
Footfall & Profile of Nearby Tenants: Surrounding stores, tourist traffic, cultural pull of the area.
Licensing & Planning: Especially for food & beverage, entertainment, or events.
Exit Options: Renewal terms, rent reviews, any potential subletting or assignment allowed.
Pros:
Prestige: Covent Garden is iconic, high footfall, strong tourist draw.
Visibility & branding opportunities unmatched in many other London areas.
A mix of retail, dining, culture means a broad audience base.
Challenges:
Very high rent & overheads (including rates, insurance, etc.).
Competition and high expectations of unit quality.
Costs of compliance, fit‑out, and possible restrictions on signage or usage.
Risk of seasonal fluctuations in footfall (tourism, events, etc.).
Fraser Bond helps clients interested in commercial rentals around Covent Garden Piazza by offering:
Curated commercial units matching your required size, budget, and exposure
Full lease negotiation support—including checks on permitted use, break clauses and escalations
Budget modelling that covers all occupation costs (rent + service charge + rates + fit‑out)
Landlord liaison, compliance advice (licenses, installations, health & safety)
Activation support if doing pop‑ups or events
If you’re looking for retail, pop‑up, or office space in Covent Garden Piazza and need expert guidance or current detailed listings, visit FraserBond.com to connect with our commercial property specialists.
