The real estate market in London, England is immensely competitive. This is one of the busiest cities in the entire world, so people are constantly buying, selling, renting, and listing properties. If you are a business owner on the hunt to find office space in London, you’re about to embark on something of an adventure! Fortunately, there are plenty of guides like this one to help you through the process. Here’s a good read about serviced office broker, check it out!
There are many different issues you need to take into consideration as you search for office space in London. Some of these apply to everyone in the market for London offices, while others pertain only to those who work in specific industries. As you continue reading this article, you’ll see details about a sampling of the things you need to think about as you look for the perfect London base for your business.
Put Together a Budget
Before you can find office space to rent in London, you need to know how much you can afford to pay for your new facility every month. If you don’t already have a monthly budget for your business, now is the perfect time to create one. Simply put together a spreadsheet that lists your income and your expenses. This will help you figure out exactly how much money you can comfortably put towards your rental payment on a monthly basis.
Think About Where You Want to Be Located
London, like all other global capitals, is comprised of a variety of neighborhoods that all have their own unique flavors. Central London, for instance, is a great spot for financial advising firms and tech agencies. If, however, you run a retail establishment, such as a grocery store, you might want to find office space to rent on the outskirts of London where there are more residential areas.
It’s a good idea to work with a real estate broker who is quite familiar with London offices in whichever neighborhood is the most appealing to you. This way, you won’t have to go through the process of finding and touring London offices completely on your own, which can quickly become overwhelming.
Figure Out What You Need
No two London-based business owners have exactly the same needs. Knowing what your must-haves are before you start touring London offices is a good idea. This way, you won’t find yourself in a situation where you are taking tours of offices that are not at all suited to your company. If, for instance, you need to have a large warehouse attached to your office, you probably shouldn’t consider small offices in high rise buildings.