Why now is the best time to invest in Victoria office space in London

View PDF | Print View
by: clickthrough
Total views: 23
Word Count: 577
Date: Sun, 28 Mar 2010 Time: 7:33 PM
0 comments

At the bottom end of a recession, snapping up a great bargain for your new office space is much easier than during boom times. Victoria, known for its prestigious location, the home of Government and plentiful office space, is now one of the best investment opportunities available.

What's so special about Victoria?

Office space in Victoria comes with the coveted ‘SW1' postcode, providing any business located there with a certain gravitas and heritage just through association. Whether that SW1 postcode is a multi-storey office block or a small office in one of the borough's many Victorian houses is immaterial. What counts is the location.

Victoria is well known as the heart of Government, with many organisations such as the Department of Trade, New Scotland Yard and DEFRA having their homes in the area. Over the past few decades, Victoria has also established itself as a popular base for national and international corporations including Google, Microsoft and EON. The benefits of renting office space in Victoria are plentiful, and with more small rentals becoming available, negotiating a great deal for an SW1 postcode address has never been easier or more attainable for smaller businesses.

Victoria has recently benefitted from a regeneration programme - with plenty of shops and restaurants as well as being well served with superb transportation links. It is close enough to the capital (literally a few minutes walk from London's West End) to make accessing the capitals resources easy and convenient, yet still maintains its own unique identity. The introduction of the Gatwick Express train service has also given Victoria a boost, allowing the borough to be serviced by international airports and making it a Mecca for businesses who want a London office address with kudos.

Help finding the perfect location

Because of the increasing demand for office space in Victoria, employing the services of a professional commercial property estate agent is a wise investment. They will often have access to details of upcoming properties that have not yet been advertised on the open market, giving you the opportunity to grab a bargain before your competitors. As businesses resurface from the gloom of an economic depression, competition will become fierce for the most prestigious business addresses, including office space in Victoria. By using a commercial estate agent, your business can get ahead of the game and locate a property that suits both your purposes and your budget before prices start to skyrocket again. Their local knowledge can save you wasting time going after property that is no longer available or not suitable for your business. Their expertise in locating the right property and their ability to negotiate rents on your behalf means that a SW1 postal address may be much more achievable than you first thought.

Despite its reputation for being home to some of the biggest names in international business, Victoria also has a wealth of property and office space that can suit smaller companies at affordable prices. Even if you're a one man operation, having that Victoria address on your company stationary carries with it a gravitas that can open doors and generate new business, opening up new opportunities and promoting your business on the strength of a desirable location. It may seem superficial, but location is king. And right now, Victoria is reigning supreme.

About the Author

Shivani Gurtu-Louth - Operations Manager of Devono Property Limited. Devono are the only commercial estate agents in London to exclusively represent tenants looking for commercial property and Victoria office space in London. We can also help you find serviced offices in London. Our aim is to secure the best commercial property at the best price.

For interviews, quotes, images or comments contact:
Shivani Gurtu-Louth
Devono Operations Manager
Tel(DDI): +44 (0)20 7096 9911
E-mail: sg@devono.com