London is at the heart of the United Kingdom and is one of the world’s great economic and cultural powerhouses. It’s a wonderful place to base your business. This article reveals why renting in the city is a great idea. Firstly, you’ll be in a fantastic location. No matter where you are in the city, your address will look great on business cards and tell your clients that you’re serious about what you do.
Next, there’s the great range of office space available to rent. If you’re on a budget or want to have more control over how you do up your office, it can be a great idea to go for a space rental, where you rent office space and provide your own equipment and services. Alternatively, there are great serviced offices all over London, which boast features such as cleaners, recycling facilities, maintenance staff and security, taking a load off your mind and giving you time to get down to business.
Running a business can be stressful, and so it’s good to know where your money’s going. Renting is ideal for this as most rents have a fixed price, meaning you know how much you’ll be spending each month. Contrast this with buying a property – mortgage rates normally track the central bank’s base rate and so are variable, meaning your monthly payment would fluctuate. This can be inconvenient if you’re trying to budget carefully, so renting can be a great way to avoid this.
Linked to this is the greater flexibility that comes with renting. If your business changes and you need to move to a different location or get a bigger office, it’s easier to do this if you’re renting. A lot of rent contracts are short term and you can leave at the end of your lease without having to worry about transferring mortgages or finding replacement tenants. You can also negotiate rental deals with landlords to get a better deal – experts advise not to accept the first figure you’re given.
Finally, one of the best reasons for renting office space in London – you’ll be in London. It’s a vibrant, cosmopolitan city that has great transport links, meaning that no matter where your office is located you’ll be able to get there easily. There are also thousands of cafes and restaurants that can be great for entertaining clients if you’re looking to impress. This, coupled with competitive business rates mean that London is a fantastic place to run a business and renting an office is a great option for any entrepreneur.
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