How UK Companies Are Dealing With Expensive Office Space

news Lần cập nhật cuối: 4 Tháng hai, 2015

Recent figures have shown that the UK’s property bubble is not unique to its residential properties. There has been much speculation and criticism surrounding the way the current UK housing market is being handled, as many young people are forced to move out of the capital. This has, as a result, driven prices in the South East of the country up as workers look for a location where it is still possible to commute into the capital.

The sky-high prices also stretch to the capital’s commercial sector where it currently costs $22,527 per square meter to rent. According to published figures, London is currently fifth on the list of the most expensive commercial locations, behind Paris, Tokyo, Singapore and Hong Kong, which with prices more than double second place Singapore, is in a distant first place.

Dedicated Office Space

Virtual Offices

A virtual office has become popular particularly amongst smaller, or startup, companies as it provides communication and address services without the need for dedicated office space. Service providers such as Landmark supply users with a City of London business address, mail collection point, and forwarding service. It also includes a professional receptionist who, working from home, rarely, if ever, meets their client face-to-face.

This assistant can take any company calls, screening any unwanted messages, and forward any information on to the business owner. The inclusion of the receptionist is seen as a big draw for smaller businesses working on a budget that, under normal circumstances, couldn’t employ their own staff. Despite the advent of voicemail, studies show that as many of 75% of callers hang up when they realize the call is being handled by a machine.

Office Accommodation

Serviced Offices

Business centers – otherwise referred to as managed offices or executive centers – have also become common in the capital. A serviced office is an office that is fully equipped and managed by a facility management company. This company then rents individual offices or floors to other businesses. The appeal comes from the fact that serviced offices are able to offer more flexible rental terms in comparison to conventional leased offices, which often comes with added furnishing equipment expenses, on top of the already more restrictive leases. One of the reasons smaller companies have become drawn to this is the flexibility of the space offered. This can, generally, be changed at short notice, which is ideal for startup companies expecting growth or those who want to downsize in tough economic climates.

Meeting rooms

Short to medium-term rental options for businesses provided by the serviced office market also offer flexible office accommodation by way of licenses.

This allows for a short-term financial commitment, with the possibility for your business to expand or contract at very short notice.

Bài viết liên quan

Customer Retention – The Way Forward for Your Business

Customer Retention – The Way Forward for Your Business

It’s not unusual for a start-up business to focus a large percentage of resources on customer acquisition. Whether through...

4 Instances Where Your Business Will Need Outside Help

4 Instances Where Your Business Will Need Outside Help

No business owner can complete every task by themselves. We all need a little helping hand from time to...

Starting a Small Business: 5 Legal Issues to Consider

Starting a Small Business: 5 Legal Issues to Consider

Starting a business is no small matter – even if you are starting a small business. When it comes...

Rely On Freight Factoring For Your Trucking Business

Rely On Freight Factoring For Your Trucking Business

There is no shortage of freight factoring companies operating across the US — which begs the question of how...

Choosing Between the Funeral directors Melbourne Offers

Choosing Between the Funeral directors Melbourne Offers

Everyone faces tragedy at some point in his or her life. Eventually, tragedy will strike close to home and...

Business Wars: How An Independent Scotland Would Have Changed The Business World

Business Wars: How An Independent Scotland Would Have Changed The Business World

In a vote that was too close to call, last week the Scottish said ‘no’ to having an independent...