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June 03.2025

2 Minutes Read

HiBob's Bold Move: Securing 20,000 sqft at Covent Garden Space House

HiBob 20,000 sqft lease in sleek modern building, urban setting, clear sky.

HiBob Expands Its Presence in Covent Garden

In an exciting development for both the tech and real estate sectors, HR tech firm HiBob has secured a substantial 20,000 square foot lease at Space House in Covent Garden. This move marks a significant milestone, as it is one of the first companies to occupy the redeveloped grade-II listed building, which has been undergoing renovations to modernize its offerings.

The Significance of the HiBob Lease

HiBob's lease is not just another transaction in the bustling London property market; it represents a broader trend of tech firms seeking premium office spaces that meet the needs of modern workforces. Covent Garden, known for its vibrant atmosphere and proximity to many businesses and amenities, provides an ideal backdrop for HiBob to enhance its operations and employee experiences.

Impacts on the London Real Estate Market

The rapid influx of companies like HiBob into central London aligns with an apparent revival in the real estate market post-pandemic. As organizations adapt to a hybrid work environment, demand is surging for spaces that offer flexibility, innovation, and comfort. The redevelopment of established sites like Space House helps cater to these needs, reflecting a commitment to transforming how employees interact with their work environments.

Future Outlook for Tech Firms in Central London

Looking ahead, it is likely that we will see continued interest from tech companies in securing office locations that support dynamic working conditions. The demand for adaptable workspaces will play a crucial role in shaping the future of office buildings, with developments that prioritize both functionality and employee well-being gaining traction.

Conclusion

HiBob's lease at Space House underscores a larger trend within the tech industry toward innovation in workspace design. As firms continue to emerge from the shadows of the pandemic, their focus on creating environments that enhance productivity will be critical. This dynamic will not only influence individual companies but could significantly alter the landscape of London’s commercial real estate market.

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07.17.2025

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A New Era of Commercial Office Construction: Avison Young's London Office

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HiBob's Bold Move: Securing 20,000 sqft at Covent Garden Space House

HiBob Expands Its Presence in Covent Garden

The Significance of the HiBob Lease

Impacts on the London Real Estate Market

Future Outlook for Tech Firms in Central London

Conclusion

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