Things to keep in mind when choosing where to locate an office in London

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by: Glenn J Tucker
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Date: Wed, 12 Oct 2011 Time: 3:01 AM
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London is Europe's top city for business, and this is due to a number of reasons. These reasons include things like easy access to markets, good transport links and the best business minds in the region. There is plenty to draw visitors to London, and therefore to the proximity of your business, for example heritage, bars and restaurants, sport, shopping and much more.

It can be a daunting prospect deciding on the best area for office rental in London. It is important to take a number of factors into account, we have listed these factors below;

Cost
The price of office rental in London is of course an important factor to take into account. Do you need to be based in the most prestigious of areas to draw in the right customer? For small or start up businesses, areas in top locations such as Mayfair or Westminster may be ruled out for cost reasons - if this is the case look further afield to more affordable locations such as Spitalfields, Camden and Shoreditch.

Surrounding businesses
It is important to consider whether your business needs to be located in an area where particular industries are known to be based. For example, a cosmetic surgery corporation would be well advised to seek office space on Harley street; while a jewellery company should locate themselves in the jewellery trade area of Hatton Garden. You need to consider where the market is for your business, and how your development and growth can encompass those surrounding your premises.

Surrounding amenities
Consider the amenities which surround your business which you find a benefit to employees, or clients. For example if there is a great selection of bars and restaurants, this will not only encourage workers to want to work in the area, it will also mean potential clients gravitate towards the area.

Travel amenities
When it comes to London office space, most workers are commuting from either outside London, or the cheaper outskirts, so it is vital to make sure office space is well located near to good public transport - to ensure reliable transportation of staff every day. There are many tube stations, train stations, and bus services in Central London.

Consider growth
When choosing your office space, take into account the potential growth of your company so that you don't have to go through the upheaval of moving again, should your workforce or office requirements expand.

Think of your suppliers
If you have regular supplies from another company in Central London, consider office space close to their vicinity. There can be difficulties with driving on congested London roads, and you also need to consider the congestion charge, so being ideally situated will assist with this.

Do you need a prestigious address?
Will office space in Mayfair or Covent Garden impress clients and make a difference to sales in your line of work? Is it a draw which can balance out the cost of such a location? These are important things to consider when deciding on an area.

About the Author

Glenn Tucker writes for a variety of real estate blogs based in the UK and aims to highlight the benefits of Canary Wharf Office Space and office rental london.