London is a fun and exciting city, but it’s not the cheapest. In fact, renting an office space in London is expensive. This has been true for many years now, but as for 2019 for example, the average cost of renting a space in central London is £350 per square meter per year. With this being said, there are things you can do to save money on your rent and still enjoy the benefits of a great office space. These tips will help you if you’re planning on renting an office space in London soon.
in London
Renting an office space in London is an important step for any business. There are many benefits to renting, like the ability to move easily and hire better employees without having to worry about buying property. But with these benefits comes one downside: the cost of rent. It’s expensive to rent a space in London, but if you follow these 10 tips, you can save some money on your rent.
1) Find a good location - The area you choose can make or break your rent expense. You want to find a spot that has plenty of foot traffic, is accessible by public transportation, and is close to major attractions like parks or museums. 2) Consider co-working spaces - Co-working spaces are becoming more popular for small businesses because they allow them to share office space with other companies without getting involved in the long-term commitment of paying for it themselves. This is especially helpful if you're still growing your company and don't need all the space yet. 3) Ask about discounts - Many landlords will offer discounts if you sign a longer lease than 12 months or if you pay up front instead of monthly payments. 4) Negotiate - If you're looking at offices that are already furnished, negotiate with the landlord for lower furniture costs. 5) Get creative - If you're just starting out and need less office space than most, get creative and think of ways that would help reduce your bills such as renting out unused space digitally or leasing desks instead of
By renting an area outside of central London, you can save up to 20% on your rent. That’s a lot of money you could be saving every month!
If you’re looking for a great office space but don’t want to spend too much money, consider non-central London areas. Many companies are now opting to find office spaces outside of central London because it is cheaper and easier to do business in those places.
Serviced offices offer you a space to rent with the added convenience of having a receptionist, office admin and other office services. This means you can focus on your business while someone else takes care of things like heating, lighting and cleaning your office space in London.
If you’re not in need of an entire office in London or want to save money, serviced offices are worth considering because they will help you save up to 50 percent on your rental costs.
spaces
If you’re looking for a shared office space in London, then coworking spaces are your best bet. The prices for these spaces are much cheaper than traditional office space rentals. Not only that, but the prices are often negotiable depending on how much you use the space. It also helps that many of these coworking spaces have modern features to make them feel like home. Many people find this style of working better because they’ll be surrounded by other professionals who are working on the same type of project as themselves. This saves time because you don’t have to spend time networking with others when you get there. Besides, it can be hard to network in offices where people aren’t in the mood to talk. Coworking spaces give you an opportunity to meet new people and collaborate with them in a more relaxed environment.
One of the smartest ways to save money is through shared offices. If you’ve never heard of the term, shared office space is when two or more companies share an office space in order to save money. For example, one company could be a law firm and the other company could be a marketing agency. The law firm business may need only some of the office space while the marketing agency needs most of it. This way, they both pay less for their rent each month because they are sharing it with another business that needs some of it.
Shared offices are not uncommon in London. In fact, according to recent research by property company Savills, London has over 40 million square meters of hub-style accommodation on offer for businesses—almost three times as much space as 10 years ago due to sky-high rents and low availability. Shared offices allow these businesses to take advantage of this excess space more cheaply by sharing with other companies that have similar needs.
One of the first things to consider if you’re renting an office space in London is whether or not you want a home office. If you do, then this could save you a lot of money on rent. You can also save even more money if your home office happens to be in a zone one area. In these zones, which are closer to Central London, it’s easier and cheaper to buy a property.
London, like many major cities, has plenty of buildings and spaces that offer office space for rent. Not all of these buildings are the same though. Some offer few amenities, while others offer plenty. When you’re looking to rent an office space in London, take a look at the amenities offered by each building before making your final decision about where you want to work.
Some common perks include free Wi-Fi, a gym membership, and use of café spaces or meeting rooms. The more amenities offered by the building the higher the monthly fee will be. If you want to save money on your rent, but still get certain perks and amenities, ask about renting a smaller space with fewer amenities included in the price.
When you're looking for office space in London, it's important to consider your specific needs and your budget, as well as the flexibility that you need.
When you're looking for office space in London, it's important to consider your specific needs and your budget, as well as the flexibility that you need. When you're ready to start the search, be sure to take some time to think about what you need your office space to do for you.
