Businessmen Have Spoken for the Disadvantages of office space for rent in London

Businessmen Have Spoken for the Disadvantages of office space for rent in London

As one of the most famous cities in the world, London is easily one of the most popular places for business owners, especially ones that are just starting out. And while there are a great many benefits of renting an office space there, something that most people don’t realize is that there are also a lot of disadvantages of office space for rent in London. In order for you to be able to make the most educated decision, we have put together some of those disadvantages right in this article, so keep on reading.

It is really expensive

It probably comes as no surprise that London as a whole is incredibly expensive, so it should also come as no surprise that renting an office in London will be incredibly expensive. A small office space of about 1.250 square feet will cost you somewhere around 64.000 pounds a year at the least. Depending on the area that you choose and the size of the office that you will need, this price will quickly increase. If you are a business owner that can afford to spend this kind of money then that is great, but if you are a startup business than this kind of a price is unrealistic and you’d be better off using the money for something else.

Really expensive parking

Sticking with the theme of London being super expensive, same goes for the parking. If you rely on a car to get to work, or if you have employees that get to work with car every single day, then this city is definitely the wrong choice for your business. Parking for a day can cost up to 40 pounds, which is a ridiculous amount of money, especially when you compare it to other areas where parking can go for 15 pounds, and even 4 pounds if you par in an outlying area. Unless you rent a space that comes with some kind of parking solution, then this is definitely one of the disadvantages of office space for rent in the city that are simply not worth struggling with.

There is a lot of competition

Unlike a smaller area where you may even be the only business that deals with a certain product or service, in London the competition is sky high. And this doesn’t only apply when talking about customers, but it literally goes for any aspect of the business. When it comes to anything from funding, press attention, space and even resources, you will have to fight for absolutely everything in order to be heard and to be noticed.

As you can see, renting in London isn’t all fun and games. Sometimes it is simply not worth it, and that is exactly how we feel in this case. All of the disadvantages of office space for rent in London are too big to move past, so we suggest you keep your eye out for a better location outside of the city.