London A Top Business Location

By Author: Tim Smith
Total Articles: 2
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Selecting the right business location is crucial to the running of a successful business, and with high real estate costs in the London area finding a cost effective office space solution can be extremely difficult in today’s market. Therefore careful consideration should be taken into account when seeking a new business residence in London.

London is divided into several districts including, the City of London, the West End and Canary Wharf, just a few of the many districts that have contributed to London becoming one of the largest business and financial centres of the world. Because of this London attracts many leading organisations to its city centre and is often seen as a gateway to Europe providing easy access to the powerful markets of Western Europe.

London also offers superb transport links, it has an established rail and tube network, and is within close proximity to 3 major airports. London also provides business with good tax incentives, favorable regulation and great entertainment making London the location for any successful business.

Leasing a commercial office in London can be very costly ...
... with rental rates reaching up to £100 per square foot for prime grade A office space, excluding extras such as facilities and furniture. This can be extremely costly for any businesses, and is a considerably high barrier to entry for many companies wanting to set-up a London based business.

However there are a number of alternatives to conventional office space mainly serviced offices or business centres. They both offer a more flexible approach when compared to a conventional office lease as they do not require tenants to commit to the lengthy rental terms or additional cost found in a traditional commercial office space.

Renting a serviced office allows companies to benefit from shorter rental terms, which can often be more cost effective as organisations have the ability to upsize and downsize their office space requirements in line with business needs. This means they only pay for the space they need when they need it.

Some providers will also offer the added benefit of all inclusive business support services such as furniture, utilities, and facilities management including cleaning and security. In addition, some may also offer telecommunication packages. These all-inclusive services often provide companies with a more cost effective solution than if they were to go about setting these services up individually.

In addition to these added business support services tenants also gain the added benefit of business support facilities such as additional meeting rooms available to hire, free use of shared space including business lounges and meeting space.

Finding competitive serviced offices in London can be difficult, but they do provide many leading businesses with flexible office space solutions to support their business goals. If you’re looking for a London serviced office visit www.avanta.co.uk