There are many serviced offices to choose from in London. Here, we will guide you through how to choose the right serviced office in London for you and your needs.
A traditional office space in London will come with quite a hefty price which is why serviced offices are becoming more of the norm in London and across the UK. And more and more people are in need of them as more and more people are starting their own businesses. Research has shown that 47% of UK adults surveyed are considering starting their own business or side hustle.
Finding the right serviced office can be difficult, particularly if you have never rented or worked within one before. Within this article, we will guide you through on how to choose the perfect office serviced office in London for you and your needs.
What Is A Serviced Office?
A serviced office is a fully furnished office space that’s ready for use as soon as you sign your contract. They come with facilities provided and an operator to manage the property. And, unlike traditional offices, serviced offices charge all-inclusive monthly bills covering everything from the space itself to Wi-Fi, reception staff, and cleaning. Also, unlike traditional offices, you will not have to sign a long three to five year lease. You will be able to have a monthly rolling contract.
There will be a range of services and facilities available with the serviced offices such as meeting room, furniture, computers, printers and WI-FI.
All maintenance and repairs will be taken care of by the owner or landlord so your business costs will be low within a serviced office.
The Benefits Of A Serviced Office In London
Serviced offices in London come with many benefits, particularly for people with small or start-up businesses. Within this section, we will look at some of the key benefits of using serviced offices in London
Cost-Effective
Using a serviced office in London reduces your expenditures because you do not need to purchase furniture or pay for WIFI, electricity, water, electricity and heating.
Flexible Workspace
Serviced offices in London will offer you flexible workspaces when it comes to the rental lease. Many serviced offices come with a monthly, rolling rental contract. This means that you will never be trapped in a long-term contract for an office you no longer need.
Your business can also grow and you do not need to worry about outgrowing your office space because, with a serviced office in Swindon, your office can grow with your business.
Networking Opportunities
Many serviced offices contain co-working spaces or, at the very least, there will be other business owners working within the same building as you. This offers you a great deal of networking opportunities because you will have access to your fellow local business owners.
You may find someone to work with in some capacity or, if you are a new business owner, you may find someone who can act as a mentor, someone you can turn to for advice. At the very least, you will have people who are in the exact same boat as you, doing their best to get their business to flourish. This will help you feel less isolated and will help with motivation to keep going.
Everything Is Included
Serviced offices in London come fully furnished with office furniture. Utilities are included within the price of the office space, including lighting, heating and WI-FI. Many serviced offices also offer access to meeting rooms and a small kitchen space where you can get hot drinks.
Great Locations
Being in a great location can do wonders for your brand reputation, as well as encouraging staff members to come into the office more often. With a serviced office, you are more likely to be able to afford a better location as they are more cost effective.
What Types Of Business Thrive In Serviced Offices?
Serviced offices are often the domain of smaller or start-up businesses but an ongoing need for flexibility in workspace and how and where people work has led to more well established businesses choosing to use serviced offices. Within this section, we will look at the different types of business that are using and thriving in serviced offices in London.
Freelancers
Freelancers thrive and benefit from using a serviced office in London because it offers the opportunity to engage with other business owners and people. This may offer collaboration opportunities but it will also reduce the loneliness that can come from working alone from your home.
Having a dedicated space to work can also aid productivity and lead to a better work/life balance. Many people who work for themselves, from their home, end up overworking because the boundaries become so blurred between home and work. A serviced office in London can help to rebuild those boundaries.
Start-Ups
Starting a business is exciting but it can also be scary. You don’t know what will happen within your business from one month to the next. This is a big reason why many businesses start within their founders home because it minimises the expenses and the risk. But running your business from your home can also minimise growth.
SMEs
The more obvious businesses that use serviced offices in London are small to medium businesses. Serviced offices provide them with the facilities they need to run their business well, without any expensive, long-term leases. Maintenance and cleaning is also covered by the owners of the serviced offices so business costs are at a minimum within a serviced office.
Large Business
Larger businesses are also choosing to use serviced offices due to the flexibility that comes with their rental contracts. With remote working becoming the norm, large businesses are no longer seeing a need to pay large amounts of money for permanent office spaces. Serviced offices can accommodate remote and hybrid working.
Global Brands
Global businesses that are looking to expand to other locations are choosing to use serviced offices because they minimise the risk that can come when trying to gain traction in new markets. This is due to the flexibility on offer in serviced offices in London.
Serviced offices in London will allow you the space you need to grow your business, whilst still having minimal risks and expenses.
What You Need To Think About When Choosing A Serviced Office In London
So, you think you and your business would benefit from using a serviced office in London? That’s great but there are still some things you need to think about. Within this section, we will look at what you need to think about when choosing a serviced office in London.
Location
Location is a really important thing to think about when looking for a serviced office in London. You need it to be in a location that is easily accessible for you, your employees (or future employees) and your clients/customers. When looking at serviced offices you need to think about access to main roads, public transportation and to local amenities, such as supermarkets, cafes and shops.
We have many locations in London that offer serviced offices, including Earlsfield, Enfield and Mitcham allowing us to cater to a large number of businesses and business owners in London.
Level Of Flexibility
You need to think about the level of flexibility because no two serviced offices are the same. One may offer monthly, rolling contracts and one may not. You need to chat with each serviced office team and make sure you are getting the level of flexibility you need.
With our serviced offices in London, we offer completely flexible rental contracts. This means that if you need to change your office, at any point, you are free to do so. You just need to have a chat with the team. You can even leave your office before your rental contract has expired. We just need you to give us a short period of notice.
What Do You Actually Need?
Finally, you need to think about what you actually need within your office space. Because, yes, a lot of serviced offices offer vast amounts of services, such as yoga classes and catering, but do you really need all of this? And the extra cost that these fancy mod-cons will bring?
Our serviced offices differ from the likes of Regus and Workspace because we are more cost-effective but also because we are able to offer storage alongside the serviced office. This will prove to be highly beneficial for e-commerce business, retail businesses, and any one with stock and/or equipment that they need storage for.
Ultimate Guide To Choosing A Serviced Office In London
Serviced offices in London are an excellent choice for many people and businesses but it is important to know what you should be looking out for when choosing a serviced office in London.
You need to think about the right location for you, your employees and your client and customers. It is also a good idea to look for a serviced office that offers flexibility when it comes to the rental contract as this allows for your business to evolve. Finally, you need to think about what you actually need from your serviced office in London. Do you need the fancy mod-cons that come with many serviced offices or would something like having storage alongside be better for your business.
We hope you have found our guide helpful. If you would like to know more about serviced offices in London, including Earlsfield, Enfield and Mitcham, please click here.