It is very easy to see why people tend to gravitate towards the capital cities of countries when looking for office space for their companies and this is something that is especially characteristic of new businesses. The possibility of a large increase of clients is definitely a tempting one, but sometimes you have to ask yourself whether the price is worth it. In this article, we are going to take a look at some of the advantages and disadvantages of office space for rent in London and see if the pros outweigh the cons.
Pro: You will get a lot of traffic
Depending on the type of business that you are running, being in the center of a city as populated and as busy as London can be just the thing that you need to get new customers. The great thing about this city is that finding just the right space for your business’ needs can be very easy and there is no doubt that a great location will not only bring you new customers but it will also influence the way that your customers look at your business, and the better the location, that much better their opinion will be.
Con: You never know who your neighbor will be
The reality with a city as big as London is that when renting you will most likely have to settle for a space in a building with multiple occupants and that can sometimes be bad. When you don’t have the control of who will get the office space or the shop space next to you, you also don’t know how their behavior and look will reflect on your business and this is a big disadvantage of office space for rent in general, because at the end of the day the landlord cares about the money they will make and not about your business.
Pro: If you don’t like it, you can leave
The good thing about renting is that you are not tied up to that office rental in London. This means that if you don’t like the people next to you, you can simply wait out the lease and then pack your things and leave. This is also a great thing when you realize that your business has outgrown the space and this is something that can happen a lot of the time. If you underestimated how long it will take for your business to pick up, then good for you because that means that you can now probably afford an even better office space.
London is a great city and there are a lot of great things that come with being a business owner in the city, but as we saw there are some disadvantages of office space for rent as well. At the end of the day it will be up to you, and probably more up to the budget that you have at your disposal, to decide what the best option is for them, but the important thing is to always try to make the most educated decision possible, and hopefully this article helped you do that.