Everybody knows that the City is an expensive place to be – start-ups in particular. Chances are, you can’t afford to buy or rent prime real estate in the City if you’re just starting out in business. With London prices, even established companies may struggle to afford a city centre office. So what can you do if you want a base in the City but don’t have the budget?
Serviced offices in the City of London are an excellent alternative to buying or renting your own office space. There’s less commitment for a start, with flexible leases ranging from a few days to a month or a year. If you’re looking for a virtual office service, where you have a mailing address in the City and mail is forwarded to your company, this is possible. If you’re a small company looking for desk space a few days a week or occasional use of a meeting or conference room, that can usually be arranged too. Many offices host networking and social events which allow you to meet others in your industry and can be beneficial for start-ups or sole traders.
Larger firms might need permanent office space on a rolling contract, with access to facilities such as superfast WiFi, free tea and coffee and 24-hour access. Renting a serviced office eliminates the hassle of setting up an office space, as everything is taken care of and there’s often on-site customer service to help you out. Some offices even have their own gym and showers on site so you can unwind after a busy day! You’ll even find that fully-stocked kitchens are common in serviced offices – unlike a private office, everything you need is organised and at your fingertips from day one.
Parking in the City is near impossible, but you’ll find many serviced offices offer parking spaces for staff and clients or visitors, making it easier to arrange meetings and conferences. These types of offices are also great options for freelancers who may not need or want to commit to a lengthy contract. Co-working space or the option of hotdesking is an excellent alternative to hiring out a full office, and you’ll usually find yourself working alongside other creatives in the media or digital industries; it’s a great opportunity for networking.
Renting a serviced office in the City could save your company money and provide you with a professional base from which to conduct business – not to mention access to meeting rooms and spaces where you can create the right first impression on clients and customers.