When a business is looking for office space to rent it can be daunting picking the right one because there is so much to take into consideration. There are a few common mistakes that continually need to be addressed and are best avoided, whether that be for a start up business or a multi-national company.
Getting the right location is just as important as implementing the right business idea, but while countless hours are spent deeply inspecting and developing business plans, market strategies and getting a source of funding, finding the right London office space is frequently shoved back to the bottom of the pile. The ‘right’ location will very much depend on what kind of a business you run and whether you welcome customers into your premises or not. If this is the case, then you’ll want to make sure that your customers can access your office and also potentially that it is in a location where customers might be if they were looking for your type of business.
If you don’t receive customers on site, then location may be less important, but you will still want to consider factors such as good transport links and what might make life easier for you and your staff both to get to and from the workplace during the daily commute, but also if you need to go out to meetings and events.
It is obviously always best to try and avoid the most common of mistakes when seeking out the right premises. It is important not to undervalue the worth of immediate appearance. The way that an office looks can have a significant impact on any future business or investor relations so it is crucial that when you choose office space to rent, it matches the desired image for your business. For example, a medical practice firm operating from above a nightclub could give a poor impression. Serviced office space in London gives you the opportunity of having smart-looking offices in a prestigious location (if desired) at a fraction of the cost of the same kind of office on a traditional lease.
How a business wants to be viewed in the future is also something that needs to be taken into consideration. The office you’ve just found may be perfect for the business in the present day but further down the line in a few years it may well be an issue. A long-term lease could possibly leave a business in a situation where they feel they are unable to progress any further because they are restricted from expanding into larger premises or changing location if they’ve found that the current one isn’t working out so well. Unfortunately, as rent on premises constitutes such a large part of a business’s outgoings, being stuck in the wrong kind of office can mean the end for many companies. A serviced office space gives you a flexible agreement where the size and/or location of your premises can be changed as and when the business requires it.