With the current state of the very challenging economic climate it is essential for business’s to make the right moves, many consider location to be the make or break of a company’s success rates. London’s office space proves to contain some of the country’s best office locations flourishing with business opportunity, and may just provide the solution to this problem.
First and foremost, you may want to consider whether you’re an out-of-town or city type occupier as the drivers for each requirement can be very different. If you’re looking for an out of town location, an important thing to note is more modern business park developments are having increasing restrictions on parking ratios, and this really throws up the importance of the need for public transport.
It is undoubtedly apparent that situating in the prominent position of London’s city comes with a great deal of advantages, the vibrant and fast moving pace of London serves an ideal location for London office rental. Easy access is supplied to the central business districts with the vastly dispersed underground system, London buses, and taxis on all routes. Communications therefore could not be any more efficient for potential clientele and are ideal for networking.
The London office market has grown a significant amount in the past 5 years with an increase in demand for London’s commercial space. This is due to an advanced communications and information technology infrastructure and a supreme concentration of professional services The London office market is facing a bright future as a number of reports reflect positive outlooks for 2011 and the upcoming years.
Such office space locations include eminent areas such as Covent Garden, and Kings Cross, where the office spaces are surrounded by everything the city of London is renowned for. Rental prices for basic, economical locations such as this start from a mere 17.50 per square foot (per annum). Similarly priced locations include Knightsbridge and Victoria; with newly refurbished commercial office space which provides scenic views across Central London.
Having an office which is hard to reach can cause time wastage. In addition to this, the direct knock on effect of being near a good tube station is that you inevitably have access to all the other things you need – gyms, restaurants, shopping amenities etc – and the value of being near these types of amenities should never be underestimated.
As well as this the London office rental space includes; comfort cooling and air conditioning, raised access flooring, suspended ceilings, parking facilities, passenger lifts and toilets. Many of the office locations including; Knightsbridge and Belgravia, Canary Wharf, and Marylebone, are on very flexible lease terms.
Whether it’s the legal sector, which is traditionally based in Temple, or media/advertising companies in the West End, you may deem it necessary for your business to be located close to other companies within your industry – not doing so may result in a competitive disadvantage. Although the list for determining good office space lets is endless, we’ve highlighted a few important ones here to consider when leasing a new space.
Paul Amos is an Author His latest website is about Prime time to Refinance student loans Tutorial is my own personal Mortgage website
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