How To Find a New Office in London
The process of finding a suitable London office can be a mighty challenge.
Within this article, our aim is to provide you with enough information and tips to get you on your way to finding the perfect London office for your business.
Step 1 – Location, Location, Location?
Location becomes vital to the success of a business.
Do you rely on technology? What is the mobile phone reception like? Is there high internet speed? Will enough staff be willing to commute to your location?
A central London-based office is likely to be far more expensive to rent. However, your office will be closer to amenities, support services, and you’ll have no shortage of skilled workers vying to be a part of your company.
Do you need to be somewhere where there are suitable networking opportunities within your field?
Can you take advantage of enterprise zones like Tech City in Old Street?
Where are the majority of your customers based? For example, if you service finance clients in the City, then you don’t want to be the other side of London in Shepherd’s Bush.
Do you need to be near the airport or outside of the congestion zone?
Ask yourself which location would best suit your company’s requirements and make a list.
Step 2 – How Much Does it all Cost?
Having chosen your office’s location, it’s time to take a further look into the costs.
Give yourself a comfortably affordable budget and stick to it.
It may be tempting to choose the more attractive & thus the more expensive office, but remember that you’ll be paying that lease amount every month.
What’s Involved with Renting Office Space?
Essentially you’ve got 3 choices when renting office space: fully serviced, managed and conventional.
An all-inclusive package tying in all your fixed monthly costs into one single payment each month.
Usually these types of rental packages provide you with a furnished office and a shared reception area.
The majority of this style of office leasing across London provides office cleaning for communal areas inclusive of your monthly rent, but not necessarily your office.
Similar to renting a residential property of your own.
All costs are separated and the responsibility to pay each of your bills is yours.
In most cases you’ll pay the rent to the landlord, then a service charge that covers property maintenance plus a contribution towards buildings insurance.
Then it’s your own responsibility to arrange office cleaning, internet and phone connections, etc.
A managed office
Hybrid between a conventional and fully serviced office rental plan.
Usually these offices are unfurnished but you pay a fixed fee that covers rent, business rates, buildings insurance, and utilities.
We recommend that you research what your new neighbours are paying for their office space before committing your future to an over-priced premises.
Of course, this won’t be a straight apple to apple comparison, but try to find offices of similar size to the commercial spaces that you’re contemplating renting.
It’s also important to fully understand what your lease entails. Make sure there are no hidden costs associated with your lease, so that you don’t have a shock after you’ve committed to your new location.
Step 3 – If all else fails, hire an office finder
Office finders are experts in obtaining new offices for their clients.
The advantage of using this service is that you don’t have to spend weeks and months running around London looking for that ideal location.
Office finders will do the legwork whilst you can maintain more important tasks within your business.
Step 4 – Other Things You Need to Consider
Transportation, Access & Parking Convenience
There’s nothing worse than finding the right office and realising that getting there or finding a suitable parking spot is next to impossible.
If your office has a lot of employees, you’ll want to find a space that has parking.
You also want an office location that’s accessible by the tube or by other public transport.
Am I Eligible for Government Loan Schemes for Offices?
In the UK, and especially London, our Government offers support to small and start-up businesses looking to take the next step.
It’s definitely worth checking out if your business qualifies for either a grant to help with the cost of setting up your business (which doesn’t need to be repaid), a loan at a low rate of interest or even tax breaks from paying certain business rates.
How do you know whether professional office cleaning is for you and your business?
It’s a decision that most businesses with office space will have to make eventually. Read our guide on whether you require office cleaning.
You may have the opinion that some daily tasks like cleaning your office are best left to the professionals, and we couldn’t agree more!
Outsourcing your office cleaning to well-established professional agencies will not only leave your office in good condition, it will also allow your staff to focus on the jobs they’ve been employed to do; rather than spending time cleaning your workspace.
Click here to read our thoughts on why a clean office is a happier office.
We hope you’ve found this guide useful and that in some way you’ll implement our advice to find the ideal office for you and your business. Please contact us by calling us on 0203 405 8442 for your free office cleaning quote. Alternatively, visit us at www.swiftcleaning.co.uk and learn about our office cleaning services in London.