Five ways to save money on office space in London

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by: clickthrough
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Date: Sat, 23 Jul 2011 Time: 12:16 PM
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Businesses will want to keep on top of their costs at all times. Profit is essential to any business and any extra costs could be considered as a hindrance. In terms of office space, businesses are always going to be open to the cheapest options, simply to save costs. Office space mainly depends on the size of the business. Smaller offices obviously require a lot less space. There are five key ways of saving money on office space. Sharing premises with other businesses - This can save up to half in costs as equipment and costs are shared between the businesses you share with. This can also help the business expand and make a greater profit if customers of the other business believe you can also provide a service for them. Money can therefore be made through referrals.

Virtual office space is a highly recommended way of saving money on office space. Virtual offices can help aspiring business people and start up companies who do not want to use an office on a daily basis. This can be used to answer customer calls and meet with clients face to face. You can still maintain a business identity but at less of a cost. This removes all the costs associated with other office space such as furniture (if already unfurnished) and on energy costs of continually running appliances.

Serviced office space can also save money. This space comes fully furnished which will save the business money on having to supply their own furniture. Most spaces will also have central heating already in the office which again will save on installation costs. Business can rent serviced office space for as long as they like, so they are not having to spend a large amount of money moving office space every few years as most companies do. Other key cost saving advantages include: flexible contracts, an inclusive monthly bill to help with budgeting, fully fitted areas such as kitchens, and also telephone and internet connections. It is also important to consider the area in which you wish to acquire your business premises. The key area for office space is London. It is important to look out for cheap deals on London office space. Lower office rents in London can be achieved if you use the services of a real estate professional that can help negotiate cheap deals for you with landlords. The outskirts of cities and towns are where office space is often cheapest. It is best to use several resources to find your property including speaking to contacts in the industry and also looking online for the best deals. This of course depends on the size of your business.

Saving money on office space can be achieved by simply working from home. Apart from saving money on travel, you save money on just about anything you would find in an office. It will also cost less to install an extra landline in your home for your business calls. You will already have a computer and printer and so those office essentials are already there.

Virtually all office spaces can save you money. It is simply a matter of being aware of the best deals and the advantages you could gain from these. If you are a small business just starting up and wanting to give the right impression to new clients, a virtual office space is affordable and ideal. You could work in a home office to avoid office costs altogether. Serviced office spaces save money on costly installations and energy bills and sharing an office halves costs and helps to get cheap deals on the office spaces. The best possible location can help the business in terms of prestige and being able to work in suitable conditions.

About the Author

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