Serviced offices are almost becoming the norm in London these days for businesses seeking office space. With extortionate lease rates, rising property prices, and of course the hassle of every-day costs, lots of small businesses are being put off from investing in these risky assets. Instead, we are now starting to see more and more single-fee, all-inclusive, flexible office spaces due to their more affordable prices.
Flexibility is key to a small, growing business. With any large upfront cost being a huge risk, growth can often cause real issues for a business in terms of facilities, size of office, and more; that’s why flexibility is crucial to the modern company.
Depending on your budget you can access a range of quality, flexible, serviced offices to suit your needs – but even on the lower scale of price it is still easy to find some absolutely stunning spaces in London. With a little research, and possibly a dash of local knowledge, it is simple to locate a treat anywhere. You can find beautiful and practical office spaces right amongst the hub of communication in Kings Cross or around the buzzing Old Street, all the way to smaller and more quiet zones such as Kensington, or dotted around hipster south London boroughs.
Here are a couple of excellent shared office environments that are either available now, or can inspire you to find your own gem amongst the hundreds of spaces available across the capital:
WeWork – All across London
With offices opening up (what feels like) every other month, WeWork is one of the most popular and recognised brands of serviced office spaces across the world. There are currently 29 in London to choose from, which all have their own stand-out features, with lots of beautiful architecture and design themes throughout.
Kennington Park – Oval
For a smaller and slightly more quirky office space, look to the up and coming Kennington Park space in south London. Just south of Elephant & Castle and near the Oval cricket ground, this popular space has various sized offices on offer and decent prices – all a short tube ride away from London Bridge. Including all the mod cons, these serviced offices have access to bars, restaurants, cafes, a gym, and more. Not only this but the famous National Theatre costume warehouse is located here.
Metal Box Factory – Southwark/Bankside
Increasing in popularity since its conversion from an old metal warehouse, this shared space boasts hundreds of individual, tailored private offices that can meet the needs of almost any type of business. Whether it is office work, warehouse spaces, stock holding, or meeting rooms – the Metal Box Factory is one of the most simple yet stylish working environments in London, with amazing views of the city for those on the top floors.
Smaller, boutique spaces are available
Smaller spaces are common in Shoreditch, Old Street, Soho, and across parts of north and east London.
You can also find (with a little research) smaller options that will pop up every time there is availability. These are based in compact spaces in well designed buildings that offer desk space, comfort, vital facilities, coffee refills, food, and relaxed vibes – all for a reasonable price.
Whether it is hot-desking, fixed desk spaces, or private offices, there is plenty to search through in the wonderful city of London. Prices can range from a modest £40 per person/month (usually for hot-desking in smaller spaces), through to a few hundred pounds pp/pm for a static desk. At the higher end – for those looking for private offices – the costs can start at around £800-£1000 and way beyond that.
With so many startups and small businesses to be catered for this is a service that we can’t see going away soon.