Serviced offices are a great option for businesses seeking to establish a base in London, it has been claimed.
Writing for the Rotherham Advertiser, Adrian Davis explained that this set-up enables companies to gain office space without the capital outlay associated with a full property tenancy.
He claimed that serviced offices provide an “incredibly flexible” option for commercial accomodation, with businesses able to move into pre-furnished spaces.
Mr Davis explained that in some parts of the city there is a wealth of serviced office space, with Hammersmith and Old Street among the options.
Other areas where serviced offices exist include Barbican, Cheapside, Royal Exchange, Fleet Street and Wembley.
Benefits of trading in London
London continues to be regarded as one of the world’s great trading centres, with an attractive tax regime, a strong talent pool and good transport links proving to be attractive to investors.
In recent years, Asian companies have been particularly keen to acquire London office space, in order to expand their European presence.
Strong demand for London commercial property from companies around the world has an inflationary effect on prices.
This can make it difficult for smaller enterprises and new companies to set up base in the capital.
But with serviced offices, such firms have a more affordable alternative.
Rather than over-stretching themselves affording business rents in London, they can simply lease office space on short-term contracts, without any commitment for the longer term.