Office space in Iceland
Iceland’s office market is concentrated in Reykjavik, with secondary supply in Garðabær, Akureyri and other regional centres. Demand is driven by banking, fisheries, technology and tourism. Flexify covers Icelandic workspaces across serviced and coworking product with live availability across the capital region and the wider country.
Featured
Office spaces in Iceland
A selection of the best workspaces in Iceland
- From 70,500 Kr/Per Desk/ Month
Sky Centre, Reykjavik
2nd floor, Suðurhraun 10- POA
Braedraborgarstigur 16, Reykjavik
Braedraborgarstigur 16- 0
Egilsstöðum 1-2, Egilsstaðir
Egilsstöðum 1-2- From 36,900 Kr/Per Desk/ Month
Aðalgata, Stykkishólmur
Aðalgata 10B,1st & 2nd Floor- From 79,500 Kr/Per Desk/ Month
L27, Reykjavik
Laugavegur 27a,L27- 0
Túnbraut 1-3, Skagaströnd
Túnbraut 1-3- POA
Borgarbraut 59, Borgarnes
Borgarbraut 59- From 69,500 Kr/Per Desk/ Month
Sidumuli 30, Reykjavik
Sidumuli 30Featured
Office spaces in Iceland
A selection of the best workspaces in Iceland
- From 69,500 Kr/Per Desk/ Month
Sidumuli 30, Reykjavik
Sidumuli 30- 0
Túnbraut 1-3, Skagaströnd
Túnbraut 1-3- From 87,900 Kr/Per Desk/ Month
Köllunarklettsvegur, Reykjavik
Köllunarklettsvegur 1- 0
Aðalgata 60, Reykjavik
60 Aðalgata,Reykjanesbær- POA
Braedraborgarstigur 16, Reykjavik
Braedraborgarstigur 16- From 79,500 Kr/Per Desk/ Month
L27, Reykjavik
Laugavegur 27a,L27- From 67,500 Kr/Per Desk/ Month
Laugavegur 13, Reykjavik
Laugavegur 13- POA
Akureyri, Akureyri
Hafnarstræti 93-95Looking for workspace in Iceland?
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market overview
A Reykjavik-centred market with regional Arctic depth
Iceland’s flexible workspace market is centred on Reykjavik, where demand clusters in the Miðborg and Borgartún financial district around the country’s largest banks, fisheries groups and a growing technology and tourism sector.
Garðabær holds a satellite market with retail and professional services supply.
Akureyri serves the north, Ísafjörður anchors the Westfjords, Egilsstaðir covers east Iceland, and Borgarnes supports the western agricultural and logistics corridor.
Key Industries
Tourism and Hospitality
Fisheries
Renewable Energy
Financial Services
Workspace types
Type of flexible workspaces available in Iceland
Move-in ready
Serviced offices
Fully fitted, all-inclusive, move-in ready. Furniture, IT, reception, and cleaning in a single monthly fee. Terms from one month.
Popular Areas
Major towns/ cities in Iceland
Reykjavik
Iceland’s capital and by far the country’s dominant office market. Demand clusters in the Miðborg and around Borgartún, known locally as the financial street. Home to the country’s largest banks, fisheries giants and a growing technology and tourism sector. A specialist flex market with a mature serviced pool.
Akureyri
Northern Iceland’s commercial centre. Office demand concentrates around the CBD and the University of Akureyri campus. Home to regional HQs for fisheries, tourism and public-sector occupiers. A regional flex market with a focused coworking supply at accessible pricing for northern Icelandic SMEs.
Garðabær
A commercial and residential suburb immediately south of Reykjavik with a growing business centre. Office demand concentrates around the Garðatorg district. Home to regional HQs for retail and professional services occupiers. A steady satellite flex market with focused serviced supply at pricing below central Reykjavik.
Isafjordur
The commercial capital of Iceland’s Westfjords. Office demand concentrates around the historic harbour. Home to regional HQs for fisheries, tourism and public-sector occupiers. A specialist flex market with a focused serviced supply at accessible pricing for remote-Iceland occupiers.
Egilsstaðir
The commercial centre of east Iceland. Office demand concentrates around the CBD. Home to regional HQs for public services, aluminium smelting supply and tourism occupiers. A specialist flex market with a focused serviced supply at accessible pricing for east Iceland SMEs.
Borgarnes
A western Iceland commercial town on the road from Reykjavik to the north. Office demand concentrates around the historic centre. Home to regional HQs for agriculture and logistics occupiers, supported by Bifröst University. A very regional flex market with a focused serviced supply at accessible pricing for local SMEs.
Your questions answered
Common questions
How much does office space cost in Iceland?
Office space in Iceland typically costs between 80,000 and 150,000 ISK per desk per month for flexible workspace, with pricing varying by product type and location. Reykjavik commands the highest rates, particularly in the Centre and Tjornin, where premium serviced suites can exceed 180,000 ISK per desk. Kopavogur and Hafnarfjordur offer materially cheaper alternatives, typically 20 to 30 percent below Reykjavik pricing, serving regional professional services and technology clusters.
What office space options are available in Iceland?
Iceland offers three main types of flexible workspace: serviced offices, coworking spaces and managed offices. Serviced offices provide private, fully fitted suites on short-term contracts with reception and meeting rooms included. Coworking offers hot desks and dedicated desks in shared environments. Managed offices deliver a bespoke private floor on a single monthly fee covering fit-out, furniture and building services.
What are the best locations for office space in Iceland?
Iceland’s principal office market centres on Reykjavik, with demand concentrated in the Centre, Tjornin and Sundholtsvegur. Reykjavik dominates national stock, reflecting capital concentration and service sector clustering. Kopavogur and Hafnarfjordur serve as secondary hubs in the greater capital region. Akureyri anchors the North and supports regional professional services and tourism. Iceland remains compact, with limited secondary market depth outside the capital.
Can I rent an office in Iceland on a short-term basis?
Flexible office space in Iceland is available from one month upwards, with most operators offering rolling monthly or 12-month agreements inclusive of furniture, utilities, cleaning and reception. This contrasts with the conventional Icelandic commercial lease, which typically runs 3 to 5 years with break options negotiated individually. Flex contracts carry no dilapidations or fit-out liability.
Is Iceland a good location to set up a business?
Iceland is a strong office market used by technology firms, professional services, multinational corporations and startups. Reykjavik hosts the nation’s technology and venture capital clusters, home to firms including deCODE Genetics and Marel. The capital anchors financial services and professional sectors. Iceland attracts companies seeking North Atlantic gateways to Europe and North America, with strong emphasis on renewable energy and technology industries.
