The Rise of Virtual Offices in London and What It Means for Your Business

Virtual offices have been used for decades to provide prestige, privacy, or business support. The London virtual office is just an extension of that. With a virtual address, freelancers, small or micro businesses, or even those who operate outside of London can benefit from having a London address, all for an affordable rate.

The Size of the Virtual Office Market

It’s no wonder that the virtual office market, which was valued at 45.99B USD in 2023, is projected to grow to 160.37B USD by 2030. That’s a CAGR of 16.52%.

This proves that more and more businesses are using virtual addresses – and it’s not just companies in the UK. Businesses from around the world can add a London address by choosing the best virtual office London has for them. This way, you can take calls locally and have the messages forwarded to you or set up a small international base of operations while keeping your costs low.

There are so many reasons to add a London virtual office to your business, and the reasons why started decades ago.

The Rise of the Virtual Office: A Great Idea Going Back Decades

The concept of virtual offices goes back decades. Today, of course, you can get a London office address virtual on many of the most notable streets in the city, including Piccadilly Street in Mayfair. A virtual office in London lets you soft-launch your international expansion, enables you to establish yourself in the capital for less, and can protect your privacy.

To understand why businesses continue to choose the London office virtual solutions, we need to look at just how the virtual office has evolved.

The 1960s

The first virtual office was launched way back in 1966 when Paul Fegen founded Fegen Lawsuits, which worked by renting out unused office spaces at law firms to different professionals. These offices came with many perks common amongst London virtual office services today, including the ability to rent out the conference room.

The 1980s

It wasn’t until the 1980s, however, that the concept of the virtual office started to fully take shape when John Markoff coined the term virtual office.

His vision continues today and is why many now look to add a virtual London office address to their business. You can work outside of London and, thanks to virtual London offices, commute in if and when you need to, all while benefiting from the services, information, and resources allotted to those in Central London.

The 1990s and 2000s

The launch of the World Wide Web in the 1990s brought internet connectivity and services to businesses, allowing receptionists to do more with less and enabling more companies than ever before to associate their brand with a London virtual office. In short, the virtual office as we know it today, from the London virtual office services you’ve come to enjoy to the ability to rent top spaces without a waitlist, is due to the big changes initially made during these decades.

Today

Today, you can easily select a premier virtual London office address for a handful of change in comparison to renting out the physical address. You can even benefit from on-site amenities at many of the virtual London offices, meaning you can book coworking spaces or meeting rooms if you need to. This flexibility is crucial for breaking into your field and establishing a name for yourself.

What’s Driving the Rise in Virtual Office Popularity?

There are so many reasons why more businesses are looking to hire a virtual office in Mayfair or other top London addresses. With virtual London offices offering so many benefits, it’s time for you to consider what a virtual office can mean for you.

Lower Overhead Costs

Virtual offices let you set the official address of your limited company in a professional space, even as you work remotely. This way, if you move a lot, your business appears stable. You can also add on essential services like call answering or even mail reception that accepts mail from Companies House, depending on the location, all for a low yearly rate. You can even expand. If you want to build connections in multiple areas of London, you can have a Mayfair address or a London Bridge virtual office for a low rate.

Increased Productivity

Have others answer your calls for you and forward the important messages. Enjoy a productive working space whenever you make your way into the city. Every London office address virtual option offers exceptional support services that can genuinely help you be more productive and professional while benefiting from the improved optics of having an office address in London.

Increased Privacy

Another benefit of having a London office virtual address is that it’s your official registered office address, meaning you can keep your home address private. This added security is essential for those who want to protect themselves or their families.

Boosted Prestige

Having a virtual office space means you only pay for physical office space if and when you need it. Everything else is very real. The office is a real building, meaning you can benefit from the prestige boost and use your address to wow clients, customers, or prospective business partners from the get-go.

Essential Services to Add to Your Virtual Office

In order to get the most out of the best virtual office London has to offer, you need to add on essential services. At a minimum, a virtual office is a professional address. With call answering services and a mail reception, you can add to your business’ productivity.

Call Forwarding or Answering

Telephone answering is one of the best services you can add to your London virtual office. If you’re based in the USA, for example, telephone answering services could mean catching every possible lead across the pond. This reason alone is why so many choose a virtual office since you can benefit from international London virtual office services, even if you aren’t on the continent.

On-Site Receptionist

Making the top London virtual office solutions a possibility is the on-site receptionist. This receptionist also offers a professional first-touch introduction if you’re hosting meetings. They are also there to answer calls or accept mail, giving you on-site support as soon as you hire that virtual office in London.

Meeting Room Availability

Having access to luxury physical spaces at your virtual business address is one of the top reasons why so many businesses choose London virtual office solutions. If you’re based outside of London or work from home, you won’t need an office in London most of the time, but when you go, you have access to luxury facilities.