London is at the heart of the United Kingdom and is one of the world’s great economic and cultural powerhouses. It’s a wonderful place to base your business. This article reveals why renting in the city is a great idea. Firstly, you’ll be in a fantastic location. No matter where you are in the city, your address will look great on business cards and tell your clients that you’re serious about what you do.

As a major city, you are guaranteed to find a rental option in London that’s right for you. There are two main types of rental property: serviced or space. Space rentals do what the name suggests – you rent the space and that’s it; it’s up to you to sort out everything else, great for people on a budget. Serviced offices offer packages including security, maintenance staff, cleaners and recycling facilities and so are great if you don’t want to have to worry about the day-to-day running of the office.

It’s fair to say that London is quite an expensive city, but if you choose to rent then you have loads more control over your cash flow than if you buy. For example, a lot of mortgages have variable rates that track the changes in the interest base rate; whereas most rents are fixed so you know what you’ll be spending each month on accommodation. This is particularly great if you’re a small business or are just starting out and need to budget carefully.

Rent prices may be fixed, but that doesn’t mean you can’t negotiate for a better price – experts recommend that you talk to your landlord to try and get a better price or extras such as office refurbishment before you move in. Short contracts are also great if you think you might need to move offices at short notice, something it would be harder to do if you owned the property – it’s easier to leave at the end of your lease if you’re renting than rearrange your mortgage if you own.

Finally, one of the best reasons for renting office space in London – you’ll be in London. It’s a vibrant, cosmopolitan city that has great transport links, meaning that no matter where your office is located you’ll be able to get there easily. There are also thousands of cafes and restaurants that can be great for entertaining clients if you’re looking to impress. This, coupled with competitive business rates mean that London is a fantastic place to run a business and renting an office is a great option for any entrepreneur.

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