As one of the world’s top business cities, London continues to be an attractive choice for start-ups, tech companies and established multi-nationals from all over the world. But whether you are a British firm or a foreign company looking to set up a presence in the European city then you will need to navigate both the legislation requirements as well as the unwritten codes of conduct in the city to make it here.
Most businesses that require office space in London choose renting because it ties up less of a start-ups’ capital and affords companies the freedom to move if they wish. For businesses looking at renting office space in London, the following tips and advice may help to guide you in getting set up.
Choosing the right Location
There are many advantages to renting office space in London, but there are some disadvantages too. Working from London gives you access to a diverse range of clients as well as access to other major business cities. On the other hand, the price for that privilege continues to rise in keeping up with the demand. Before starting your search, you may want to consider if you really do need to be in London, or whether your business would do just as well elsewhere.
Most locations in England are well serviced by transport links as well as fast internet connections, so this means companies could consider the commercial property Wimbledon or any other town located on the outskirts of London have to offer as well. Ultimately the requirements of your business, staff, and clients are what will determine the location that becomes your base in the UK.
Choosing the right Property
In most cases, businesses can rent their London offices for as short or long a time as they wish, choosing the right London offices entails finding a property that meets your business’s needs as well as the following:
- Clients and customers: Are your offices near the people who require your services or can you work remotely?
- Transport links and commuting: Your premises should be easy to get to; this includes convenience for your staff as well.
- Planning Legislation: If your business needs custom premises and remodelling is required you will need to ensure any changes comply with the city’s planning permissions.
Before signing the agreements on your chosen offices, remember that location plays an important factor on the cost of renting office space in London.
Final checks on council rates, total rent, utility bills and business rates will need to be done to ensure your chosen base is cost effective for your company. With due diligence and thorough research, companies can reap the rewards of setting up offices in one of the world’s biggest commercial cities in the world as they get started on the way to establishing a successful brand.
The above tips and advice can serve as a guide to both start-ups and established companies that are looking to set up offices in the capital city and are a good place to start your search for that perfect London base.
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