Is London Office Space Expensive?

Once upon a time, renting an office in London would have set any business back quite a significant amount of money. As the hub for business in the UK, the city attracted huge numbers of businesses, pushing up the price of offices to let proportionately.

However, today, with millions of businesses cutting jobs and with a huge amount of business space being created despite the hesitancy of people to expand and despite the fact that businesses tend to be shrinking rather than growing, there is now an overabundance of office space available.

Whilst rent in the city is still likely to be higher than in some smaller cities, prices have evened up a great deal over the past few years, and with prices in the city currently falling further it is more cost-effective than ever for smaller businesses to make a move to the city and in turn increase their presence in one of the most important business locations in the world.

Businesses can also use serviced offices in the city to drive down overheads even further, and searching online for offices in the area which come fully furnished and share certain facilities with other businesses could help companies afford to make a move which, even just a few years ago, might have been too costly.

Simply having an address in London can make a business seem far bigger and ensure they are more likely to be trusted, and with lease prices falling, now is the time to make the most of that fact with a move to London.