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.

As one of the largest financial centres of the world, London attracts many leading corporations from all over the world and is often referred to as the gateway to Europe, providing great influence and simple access to the powerful markets of both Western and Eastern Europe.  Divided into several districts including, the West End, home to the creative and media industries, the City of London and Canary Wharf where you will find the financial hubs of the UK. 

These factors combined with excellent public transport links, (both air and rail), favorable business taxes, a supportive regulatory regime, wide-ranging culture and a large number of entertainment options, London is seen as a very attractive business location. 

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.

For these businesses a serviced office can offer a great solution.  Unlike conventional office space the start-up cost for a serviced office are relatively low and offer greater flexibility as tenants do not need to commit to lengthy rental terms.

One of the major benefits companies can gain from leasing a serviced office is the ability to upsize and downsize their office space requirements in line with market needs.  The short term rental agreements associated with serviced offices can offer a more cost effective solution long term, as organisations 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 great 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.

There are many serviced offices in London that can provide small to medium sized businesses with these very services at competitive rates.  If you need a London serviced office for your business visit www.avanta.co.uk.