{"id":15651,"date":"2022-02-26T15:07:00","date_gmt":"2022-02-26T15:07:00","guid":{"rendered":"https:\/\/www.easyoffices.com\/blog\/?p=15651"},"modified":"2022-03-14T11:29:22","modified_gmt":"2022-03-14T11:29:22","slug":"finding-affordable-offices-to-rent-in-london","status":"publish","type":"post","link":"https:\/\/www.easyoffices.com\/blog\/flexible-working\/finding-affordable-offices-to-rent-in-london","title":{"rendered":"Finding Affordable Offices to Rent in London"},"content":{"rendered":"\n

Whether you\u2019re just starting in business, expanding into London or you\u2019re looking to move from your current premises, it can be difficult to know where to begin your search for a new office. <\/p>\n\n\n\n

There are several things to consider, from the exact location you want to be in, to the type of office space you want to work from. If you’re looking to trial an office space, a temporary office space might be the best option for you as it tends to be much cheaper than renting<\/a> an entire private office. <\/p>\n\n\n\n

Not only does London have the most expensive office rental fees<\/strong><\/a> than anywhere else in Europe, but it is also one of the fastest-growing cities in terms of coworking and shared office space. <\/p>\n\n\n\n

In 2019, 84% of flexible office spaces were occupied in the capital<\/strong><\/a>, proving it truly is the place to be if you want to succeed in business.<\/p>\n\n\n\n

How to figure out your budget<\/strong><\/h2>\n\n\n\n

The first step in finding an office to rent<\/a> in London is to establish your budget. Without a firm budget in mind, it could take you much longer to find the right office, especially with London being an expensive region to set up shop. <\/p>\n\n\n\n

There are several things you need to consider when establishing your budget.<\/p>\n\n\n\n

The first thing to think about is how much space you will need; do you need a single desk for yourself or do you have employees who will also be using the workspace? Will you require communal areas for staff and will all employees be in the office full-time? <\/p>\n\n\n\n

Once you\u2019ve established who will be using the office space and how often, you can start to put together some numbers.<\/p>\n\n\n\n

A quick search online will tell you rough costs for office space in London per square<\/a> foot which can be used as a guideline to figure out your budget and what you can afford. <\/p>\n\n\n\n

In the UK it is a legal requirement to have at least 11 cubic meters of space per employee<\/a>. This is calculated by the total volume of the room, when empty, divided by the number of people normally working in it.<\/p>\n\n\n\n

An office in the West End of London has average rent per square foot of around \u00a3112.50<\/strong><\/a>, so annually you would be looking at \u00a366,150.<\/p>\n\n\n\n

Looking at your business balance sheets, you\u2019ll be able to see whether this cost would be affordable or not. If it\u2019s not, you can carry out some similar calculations until you establish what sort of budget will work for your business.<\/p>\n\n\n\n

RELATED: <\/strong>Cost of office space in London<\/strong><\/a><\/h3>\n\n\n\n

Finding cheap office space in London<\/strong><\/h2>\n\n\n\n

For startups and small businesses on more of a budget, finding cheap office space for rent<\/a> in London isn\u2019t easy. <\/p>\n\n\n\n

However, there are steps you can take when starting your search to help you find a space that\u2019s both suitable and affordable.<\/p>\n\n\n\n

  1. Determine your budget<\/strong><\/li><\/ol>\n\n\n\n

    As mentioned above, determining your budget<\/strong><\/a> is an essential part of finding the right office space for your business. Once you\u2019ve established your budget, you can ensure you\u2019re only researching office spaces that fall<\/a> into your financial remit. Without a budget, you run the risk of looking into unaffordable office spaces, which can make your search more lengthy. .<\/p>\n\n\n\n

    1. Define long-term goals<\/strong><\/li><\/ol>\n\n\n\n

      If you\u2019re looking for office space in London, you\u2019re likely either a growing business or you\u2019re at the beginning of your business journey. <\/p>\n\n\n\n

      It\u2019s therefore important to define your long-term goals<\/strong><\/a> and think about whether you\u2019ll want to be in the same location in a few years, how you think your business will look, whether you\u2019ll have more employees and what you\u2019re hoping to achieve.<\/p>\n\n\n\n

      All of these things will have an impact on the office space you choose<\/a>. While you might be able to find a cheap office in London<\/a> that works for your business now, it might become marginally more expensive if you need to be flexible and rent more space in a year or so.<\/p>\n\n\n\n

      1. Establish what type of office you require<\/strong><\/li><\/ol>\n\n\n\n

        There are several different types of office and office rental packages on the market<\/a> today, especially when it comes to shared office space. As a business, you should consider the type of space that would work best for your brand; are you an edgy startup that would thrive in a modern coworking space<\/strong><\/a> or do you deal with sensitive information that requires more privacy?<\/p>\n\n\n\n

        The type of office you choose will have an impact on the price you pay, with private offices typically being at the higher end<\/a> of the budget scale and hot-desking or coworking spaces being the more affordable option.<\/p>\n\n\n\n

        RELATED: <\/strong>Top 10 serviced offices in London<\/strong><\/a><\/h3>\n\n\n\n
        1. Decide on your ideal location<\/strong><\/li><\/ol>\n\n\n\n

          When it comes to success in business, it\u2019s all about location. London is a big city, with thousands of communities and industries all establishing a presence here. It\u2019s therefore essential that you pick a location that resonates the best with your business. <\/p>\n\n\n\n

          For example, as a fintech company, you might be better placed to look at offices in Canary Wharf<\/strong><\/a> or the City of London<\/a> – also known as the financial district.<\/p>\n\n\n\n

          However, you must be mindful of your budget when looking at locations. Central London offices<\/strong><\/a> and those with established industries will come with a hefty price tag, so try looking at nearby locations or those with excellent transport links to your desired location where the prices are lower but you\u2019re still within arm\u2019s length.<\/p>\n\n\n\n

          1. Start searching online<\/strong><\/li><\/ol>\n\n\n\n

            Once you\u2019ve figured out your budget, goals, location and office type, you can start your search to see what offices might be suitable for your business. <\/p>\n\n\n\n

            Searching by location is the best way to begin looking as it narrows down your search significantly, enabling you to simply focus on the areas you want to be in. <\/p>\n\n\n\n

            Easy Offices\u2019 search tool<\/strong><\/a> <\/strong>enables you to filter by location and office features to whittle down your search and only view the properties most relevant to your business. <\/p>\n\n\n\n

            You can also filter by price so if you\u2019re looking within a certain budget, you can stop scrolling once the monthly fees exceed that point.<\/p>\n\n\n\n

            1. Narrow down your search<\/strong><\/li><\/ol>\n\n\n\n

              When you\u2019ve carried out some online research, it\u2019s a good idea to narrow down your list to a few spaces that you think might be best suited to your objectives. <\/p>\n\n\n\n

              We\u2019d suggest no more than five offices for you to look into in more detail. With many offices offering flexible pay-as-you-go packages, it might be an idea to book a desk for a day to really get a feel for the place and establish whether you can see yourself working there.<\/p>\n\n\n\n

              1. Understand which package offers the best value for money<\/strong><\/li><\/ol>\n\n\n\n

                If you\u2019ve tried a few spaces out and found a couple of offices that you think would work well, it\u2019s time to make a decision. Speak to the provider and find out exactly what\u2019s included in the monthly fee or package and compare it with the others to understand which one offers the best value for money. We find that doing a good old-fashioned \u2018pros and cons\u2019 list is a great way to compare your favourite offices.<\/p>\n\n\n\n

                Rent cheap office space in London<\/strong><\/h2>\n\n\n\n

                The words cheap and London are seldom seen in a sentence, but it is possible to find a suitable space at an affordable price if you do your research and look in the right places. <\/p>\n\n\n\n

                Following our tips for finding a London-based office on a budget should go some way in helping you rent a space that meets your budget goals. <\/p>\n\n\n\n

                If you are still looking to cut costs then it may be worth considering coworking<\/a> or shared office space in London.
                Search                 office space in London<\/strong><\/a> with Easy Offices today.<\/p>\n","protected":false},"excerpt":{"rendered":"

                Whether you\u2019re just starting in business, expanding into London or you\u2019re looking to move from your current premises, it can be difficult to know where to begin your search for a new office.  There are several things to consider, from the exact location you want to be in, to the …<\/p>\n

                Finding Affordable Offices to Rent in London<\/span> Read More<\/a><\/p>\n","protected":false},"author":4,"featured_media":15653,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-15651","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-flexible-working"],"yoast_head":"\nCheap Offices to Rent in London | Easy Offices UK<\/title>\n<meta name=\"description\" content=\"Establishing a presence in London can be hard if you can\u2019t find a suitable office. 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