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NOT ALL LONDON OFFICE RENTS
ARE SKY HIGH

Jo Disney
But not all London office rents are sky-high. If that were true, the city wouldn't be home to such a vibrant startup scene.
Office space in London can be costly -- that's no secret. Research shows that rental values have been rising in recent years too. After all, London is the financial capital of the world and world-leading businesses want to be here.
 
Such demand places pressure on supply of workspace in sought-after areas like The City and West End, simultaneously driving up rental values. For instance last year, prices for conventional office space in the West End broke records - amplified by competition between both residential and commercial developers for the same buildings - while demand for Grade A offices in The City shot through the roof.
 
But not all London office rents are sky-high. If that were true, the city wouldn't be home to such a vibrant startup scene. In 2015, over 200,000 new business startups were registered in London, with city boroughs accounting for 15 of the top 20 areas for company creation.[1]
 
So how do small businesses find affordable office space in Greater and Central London?
 
Your City Office has been helping businesses of all sizes to find flexible office space in London for years. Here's our advice to small business owners who are seeking a professional, yet affordable, new base in the capital:
 
 
Remember that virtual and serviced offices are flexible by nature. Unlike conventional offices that seek long leases of 5 or 10 years, often more, the serviced office market operates on short-term contracts that's perfectly suited to help small businesses navigate early stage growth and market fluctuations. Likewise, no choice of serviced office is a long-term decision. Therefore it's prudent to choose an affordable office under a short-term agreement, until such time as your business is profitable enough to warrant a more central location and longer-term commitment.
 
For help and advice, Your City Office operates one of the largest flexible office search facilities in London. Get the latest advice fresh off the market by speaking to a member of our team today.
REFERENCES
[1]  In 2015, over 200,000 new business startups were registered in London, with city boroughs accounting for 15 of the top 20 areas for company creation

http://techcitynews.com/2016/01/13/number-of-new-uk-startups-increased-4-6-in-2015/

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