5 Types of Office Space You Can Find in London and Their Costs  

Major cities typically have more options available when it comes to office space. Below are five, ranging from long term to virtual space.

Conventional Space

Conventional leases typically require the help of a commercial property agent – these can be incredibly complex as the terms span a number of years. Negotiation requires professional input and these tend to be most suitable for larger companies.

Serviced Offices

Serviced offices are designed to be flexible and scalable for all companies. From 1-person startups to 100+ desk requirements; managed and serviced solutions have convenience at their core. A serviced office is generally run by a management company and comes ready to “plug and play”, fully equipped for your needs.

Serviced spaces allow for you to work independently, to one singular monthly cost. This and the ability to sign your agreement and move in in as little as 24 hours is a plus point for many – agreements for serviced space can span from 6 months up to 3 years.

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Co-Working

Co-working spaces are becoming more and more popular with the rise of freelance working and flexible employment opportunities. Co-Working spaces can be for entire office buildings, or floors where you can rent an individual desk or office for one person.

The cost of a co-working space depends upon the amenities you need, the provider building location, and other services fees provided. Typically, conference room access, kitchen area access, and other amenities are included in your monthly rental costs.

Home Office

An extremely popular form of office in London is the home office! Home-working is gaining in popularity as employees tap into 24/7 connectivity.

The cost of a home office boils down to the price of the office furniture, office supplies, and basic utility needs like electricity and internet. Because the space is included in your monthly mortgage or rent, there is generally no monthly fee to worry about!

 Virtual Office

A virtual office gives your business a London address for a small monthly cost. It can be used to collect post and as your registered business location – providing an inexpensive way to claim a prestigious city address.

Whether you’re looking to invest in a virtual office, create a home working space, find a serviced office, or look for a conventional lease, there are plenty of options available to meet your company needs.

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