Tag Archives: find perfect office space

How to Find the Perfect Office Space in London

29 Sep

Location is key in business. Hence, for your London company or branch to flourish and to make a good impression, it is important that you find a notable office space in the city that suits your needs wonderfully. In this bustling capital of the United Kingdom, this can seem like a challenge. For this reason, you must make it a point to know the factors you ought to consider in discovering the perfect office space in London.

Factors to Consider When Searching for a Great Office Space

Before throwing yourself head-on into the great search for the perfect office space in London, it would help you tremendously to find out first which factors you must take into account as you carry out this task.

Here are the most important considerations:

Budget– One of the most crucial factors is the budget. Try asking around and researching online about the average rates of office spaces in the city. Set a budget range for the office space that you intend to rent or buy.

Purpose– Know what the space will be for. Determine the tasks involved in the daily operations of this particular office.

Size– Once you have finalized the purposes the office will serve, you can decide on the furniture and equipment to be placed here. This way, you will also be able to know the appropriate size for your office. Also keep in mind the number of employees who will be working within this space, and the average total of visitors or clients you expect to come.

Image– This is also a vital factor in finding the ideal office space. If your brand image is one of luxury, you must choose a location in a posh neighborhood or a high class business community. The same goes for the opposite. Your goal must be to match the nature of your business along with the image of your company to the kind of locality where you will have your office. This is also a great way for you to reach out better to your target market.

Things to Research About While Looking for a London Office Space

Now that you know the main factors to consider, you should also do a little research on the various aspects of leasing and purchasing an office space in London. Find out the value of the properties you are eying. Also check out the necessary documents you should take care of upon establishing an office space here.

While you are on the lookout for the nicest and most fitting office space London has to offer your company, you should explore your options on property consultants and commercial real estate agencies that can assist you in this quest. After all, these specialists have more connections and are far more knowledgeable in this matter. Thus, they will be able to provide significant help.

Benefits to Enjoy From Finding the Perfect Office Space

Once you find the perfect office space in London, you will certainly enjoy the following benefits:

Permanent Home– Your employees will feel more at ease and can concentrate on their work once you have a steady “home” for them and for your business. It will also be easier to develop a loyal clientele this way. What’s more, potential customers will trust you even more if you have a permanent office address.

Convenient Storage– Once you have your office space settled, it will be easier to store your supplies and equipment here. You need not move them from one place to another every now and then.

Growth and Expansion– This may be the base camp for your business or perhaps a new branch. Either way, having a great office space in a good location is helpful in growing a company.

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5 Tips for Choosing the Perfect Start-Up Office Space in London

30 Aug

In this languishing economy, at a time when start-ups struggle more than ever to find their footing and go on to success, it has never been more important to sweat the details before hanging your shingle. Every aspect of your new business must be perfect in order to give your venture a fighting chance of survival, and there are few more important considerations than the location of your office.

London, naturally, is a coveted location for any new business. As one of the world’s most vibrant, important and well-connected business centres it’s the perfect place to establish a base. However, setting up shop in London can also be a risky move without proper planning. The often extreme costs and inconveniences of establishing an office in the city could potentially outweigh the benefits, so it’s vital to consider the realities before taking the plunge.

To help you on your way to success we’ve come up with five simple tips to help you find the perfect office space London has to offer…

1. W11 or SE21?

As you’d expect, London office space was not created equal. While a Notting Hill location wouldn’t leave you much change from £1.5 million if you were to buy outright, a property in a less desirable neighbourhood could save you hundreds of thousands. This is your first (and perhaps most important) consideration, and the frustrating catch-22 that all businesses face. The best and most convenient office space will always be the most expensive, and you’ll need to carefully weigh up the costs and benefits of any location you consider.

The key consideration here is this: does your start-up rely on passing traffic? Do you need a convenient location for customers and clients to visit? If not, it makes little sense to pay a premium for expensive real estate when you might get much, much more for your money in a location on the city fringes.

2. Transport Links

It isn’t just your customers who need to find your office. You also have to consider the convenience of access for yourself, your employees and your suppliers. London is well connected by public transport, road links and airports but the city centre itself can be a challenge to traverse, and especially so during the seemingly endless rush hour.

As such, your office should be conveniently located to take advantage of public transport links such as the Underground. A location within easy walking distance of a station will cost extra, but in the long run it will almost always pay dividends.

In fact, it may even make sense to locate on the fringes of the city to avoid the problems of London congestion altogether. Office space in the London periphery benefits from its proximity to the city, but avoids many of the problems associated with a large metropolis.

3. Size Matters

With rental prices per square foot higher than most other cities on earth it can be tempting to cut corners when leasing office space in London. However, when inadequate space leads to problems with running your new business effectively it can quickly become clear that skimping on space is a false economy.

Before leasing a property you need to consider your needs carefully, both for the present and the future. Think about your storage needs; the comfort of your employees; parking facilities; local shops and services, and your possible expansion in the years to come. Your new office should satisfy all of your needs and allow for the growth you’ll need to achieve in order to thrive.

4. Be Prepared

Something that often trips up start-ups on day one is the difficulty they find in securing any office space at all, no matter how poor the location or overpriced the premises. Landlords know that start-ups are prone to failure and early cash flow problems, and they almost always prefer to lease their premises to established companies with a proven track record.

To avoid disappointment you should give yourself plenty of time to prepare for the financial hardships of the early days. Landlords may demand a much larger deposit, a longer lease and more onerous penalties for breaking it than they would an established company, and the only way to tackle that problem is to make sure the cash is available to lay down straight away.

5. Shop Around

Finally (and this should go without saying), when searching for office space in London it’s vital to consider as many properties as possible. Never accept the first option, and don’t be afraid to think outside the box during your search. Work with estate agents, of course, but also speak to business partners and friends. Walk the streets and ask questions. With a little luck you may find a hidden gem in just the right location at just the right price.

Like most things in life, it just takes a little hard work.