Why is London a Prime Business Location?

Why is London a Prime Business Location?

Why is London a Prime Business Location?

For many businesses finding the right business location can have a real impact on their success or failure. With cost effective offices in prime locations such as London difficult to come by, careful consideration should be taken when seeking a permanent or temporary office space in the nation's capital.

London is one of the largest financial centres of the world, attracting many leading organisations to its city centre year on year. Often seen as a gateway to Europe, London provides easy access to the powerful markets of Germany, France and Switzerland. Divided into several districts including, the City of London, home to the financial sector, and the West End, popular with creative and media industries, London has become home to many leading industries.

These factors combined with excellent public transport links, (both air and rail), favorable business taxes, a supportive regulatory regime, wide-ranging culture and a large number of entertainment options, London is seen as a very attractive business location.

Due to its overwhelming popularity commercial office rentals can reach up to 100 per square foot for prime grade A office space, excluding additional facilities and services. This can be costly for small to medium sized businesses wanting to setup an office in the capital, making startup cost extremely high.

So how can smaller companies setup business in the capital?

Serviced offices offer a great alternative to a conventional office space lease, they are often more flexible as they do not require tenants to commit to the lengthy rental terms or additional overheads found in a traditional commercial letting.

One of the major benefits companies can gain from leasing a serviced office is the ability to upsize and downsize their office space requirements in line with market needs. The short term rental agreements associated with serviced offices can offer a more cost effective solution long term, as organisations only pay for the space they need when they need it.

Another great benefit is all inclusive business support services such as; office furniture, photocopiers, printers, service charges, utilities, cleaning, security, IT and telephony. By including these services within their business packages serviced office providers allow smaller companies to benefit from the same economies of scale enjoyed by larger corporations.

In addition to these great business support services tenants also gain the added benefit of business support facilities such as additional meeting rooms available to hire, free use of shared space including business lounges and meeting space.

There are many serviced offices in London that can provide small to medium sized businesses with these very services at competitive rates. If you need a London serviced office for your business visit www.avanta.co.uk.

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