Office Space in London: Tips to Get a Great Deal

Any successful entrepreneur will know that getting a great deal isn’t something that happens by accident. When you’re looking for a great deal office space, you have to be intentional, you have to do your homework, and you need to be in the know.

Getting a great deal isn’t just about saving money either, it’s understanding all of the important elements of what it is you need. Here are some top tips to get a great deal when looking for office space in London.

Know Your Needs

To get a great deal in any industry or market, you’ve got to do your homework. You need to know what you need, and what you don’t need so that you invest in what’s best for your business.

Where office space is concerned, there are two types of space available that meet slightly different needs. If you’re paying for the wrong type, then you won’t make the most of your money, and that’s part of what defines getting a great deal. Our first top tip is knowing whether you need conventional, or serviced office space. Not sure what either of those entail? Don’t worry; we’re going to break them down so you know a great deal when you find one.

 

Conventional

Conventional office space is usually charged per square foot per year. This is the most widely available and most popular option for office space, but that doesn’t necessarily mean it’s the best for you. Conventional space is essentially a shell for you to create your office from the ground up.

One of the great strengths of a conventional office space is that it gives you the freedom and creative capacity to do whatever you want with it.

Like a blank canvas, you can customise, add in whatever you need, and implement your company’s identity. When you’re paying per square foot, another top tip is to go for conventional space if you’re moving offices into London and you already have the essentials and items ready.

If you don’t have anything to begin with, then it’s going to be more expensive to kit out a full office as well as pay for an empty spot. If you’re starting from scratch, then it might be wise to go for a serviced office.

Serviced

If you can’t bring your current office equipment with you, or you’re starting from square one, then our next tip for a great deal on your office space is to go for a serviced option. You’re more likely to make the most of your money, as you won’t pay for unused space and won’t have to buy in all the services for yourself. Services can include phone systems, electrical and other furnishings, internet access and much more.

If you’re looking to move in and set up fast, then a serviced office sounds like a great deal to us!

Location, Location, Location

Getting a great deal is all about location, but you don’t necessarily want to go for somewhere cheaper just to get a better price. Your company image has a big effect on your success. Companies spend millions on branding each year, and so our next top tip to get a great deal is not to neglect a more central location just because of a price tag that’s a little higher.

When you think great deal, you automatically think less expensive, but paying a little more for a central office in London could be a good investment in the long run as you’re closer to lots of other perks, travel connections, business hubs and London landmarks.

Reputation is Everything

One of our hottest tips, and our final big tip to get a great deal on office space, is to choose the right commercial property consultants. There are a lot of factors to consider when choosing who you go with, but taking the time to compare the consultants and picking the right one can be the difference between an ‘ok’ deal, and a great one.

You should make sure firstly, that the consultants have an esteemed reputation. When London property is concerned, the prices can already be a sting, so you need to make sure that the consultants are fighting to get you the most competitive deals, and offering you the best services or price per square footage. Check out customer reviews online to see the quality of service they offer too, and don’t forget that agencies are specially equipped to find you the perfect place for your business. Get close to a good consultant and it will serve you well when you’re looking for the right office space for you.

Thinking Ahead

One of the greatest advantages of seeking advice before you make an agreement is knowing what lies ahead. It may be the first or second time that you’re moving into a new space, but seeking professional advice brings in years of experience and helps you to consider many more of the pros and cons that you may not have been aware of before. Seeking an experts help could be vital in saving you money, creating your perfect working environment and realising your potential as a business with the right deal for you. They’ll help you consider the right location that’s best for your market strategy too, sometimes location is a linchpin for a growing business, but sometimes you can operate effectively wherever your office may be! They’ll help you think ahead, and consider your needs as you grow and expand, as every company hopes to do!

Conclusion

So if you want the best of the best, it all comes down to how much time you’ll invest before you make your choice. Not all of us have the time in the middle of our office move, normal lives and juggling work though, to head into London and look for ‘office space to let’ signs. The only way to get the best deal in this industry is to know what you want, where you want it, and the people that can make it happen. Find a great commercial property consultancy for London offices, and your perfect deal won’t be far behind.