An Expert's Guide on How to Rent Serviced Office Space in London

An expert's guide to renting serviced office space in London

Chris Tambone | 6 November, 2023 | Est. reading time: 7 minutes
ios_share
An expert's guide to renting serviced office space in London
London has become an attractive destination for both office space operators and business owners. The growing demand for flexible workspaces is evident in a 2023 report where it was recorded that more than 18,000 start-ups chose London as their business hub. This figure is a 94% increase compared to the 2020 report.

The soaring demand to rent serviced office space in London only reflects the evolving work landscape. Businesses prefer this type of workspace because of its convenience, cost-effectiveness, flexibility, and other benefits that a traditional office setup cannot offer.

So, if you're considering joining the ranks of businesses embracing this modern and flexible office space in London, you've come to the right place. Below is a comprehensive guide to help you secure the best serviced office space for your business needs and goals.

Serviced Offices: The Modern Setup

A serviced office space is a flexible and fully furnished workspace that is ready for immediate use. Some of its key features include short-term leasing agreements, on-site support, all-inclusive amenities, and access to a network of like-minded individuals from different industries.

In London, some of the well-known serviced office space providers include Regus, Huckletree, The Argyll Club, Connections at Trafalgar Square, Heeton, The Office Group, Pennine Way, Runway East, and One Heddon Street. Their serviced office spaces offer world-class aesthetics blended with functional designs. Their amenities and services are truly top-notch and their locations all offer accessibility!

Step-by-Step Guide to Renting a Serviced Office

Selecting the right flexible office space in London is a critical decision for businesses. Your choice will directly impact productivity, business image, and operational costs. Being aware of the process of finding the perfect serviced office space in London can ensure that the chosen space aligns with your needs and objectives.

Here's a step-by-step guide on how to find and rent serviced office space in London:

Step 1: Assess Your Budget Capacity

Before diving into the world of serviced offices, it's crucial to assess your business requirements, especially your budget. London is the UK's trade center and the cost of living there is a bit expensive compared to other cities.

Therefore, when assessing your budget plan, consider as well the expenses for your cost of living in London aside from the rental, operational, and future expansion expenses.

A serviced office is a more cost-effective and smarter option compared to a traditional office for rent. Serviced office space in London has a monthly average price of around £268 per desk.

Considering the access to high-caliber amenities and services, such as fast internet, meeting rooms, collaborative spaces, admin support, receptionist, and more, the price of a serviced office is definitely worth it.

Step 2: Find an Experienced Broker

A real estate broker assists in identifying a list of suitable spaces for your needs and goals. But they will not just give names. They will give you the complete details of those workspaces and business centers in London, including the rental or membership plans, leasing agreements, amenities and services, locations, nearby destinations, and more.

You also do not need to worry about unpacking terms and agreements or the fine print as these real estate brokers can simplify these things for you. They will also help you negotiate and get discounts and the best deals for your chosen space in London. In general, a real estate broker can help you find and rent serviced office space in London smoothly and more efficiently.

Lucky you! Office Hub, a trusted and reliable office space provider of flexible office spaces for over 10 years, is here to help you find serviced office space in London perfect for your needs and goals. Our team is just a call away and can help you get your dream workspace in London.

image 1

Step 3: Visit the Shortlisted Spaces

Once you've narrowed down your options, pay an in-person visit. Inspecting flexible office space in London allows you to evaluate its suitability, assess the quality of amenities and facilities, and gives you the opportunity to negotiate terms that suit your needs. Of course, this can only be done with the help of your real estate broker.

Here are some expert tips to follow when visiting your chosen serviced office space:

  • Evaluate the accessibility of the location, especially its proximity to transportation links.
  • Carefully assess the size, layout, and condition of the space. Immediately point out areas that need repair or maintenance.
  • Check the functionality of amenities and services, security and safety measures, and the building features.
  • Ask for any papers that will ensure you that they are legally complying.
Keeping these tips in mind will help you critically assess and easily rent serviced office space in London.

Step 4: Signing the Contract

Once you’re done inspecting your chosen flexible office space in London, it’s time to sign those terms and agreements. But before signing, ensure you pay attention to the following details:

  • Lease Term
  • Rent Amount
  • Security Deposit
  • Maintenance and Repair
  • Utilities and Services
  • Restrictions or Limitations
  • Exit Clauses
  • Insurance
  • Legal and Environmental Compliance
  • LiabilIty and Indemnification
  • Additional charges
  • Landlord’s Responsibilities
Consult with a knowledgeable real estate broker or an attorney for legal guidance in order to steer clear of possible pitfalls. Once you’re done, sign the papers and start moving into your new workspace. And this is how you rent serviced office space in London the right way.

Find Serviced Office Space in London Now

In today’s competitive market, choosing the right workspace for your business is more important than ever before. One wrong move and it will trigger a domino effect making all the puzzle pieces fall in the wrong place.

However, keeping the tips shared above  in mind can help you be more aware of your leasing adventure in the business centers in London. And, with Office Hub’s dedicated and experienced team, securing your dream serviced office space in London can be made much easier!

Reach out to us today to rent serviced office space in London efficiently and effectively!

Let us guide you

We know the search process for a new workspace can be overwhelming, that’s why our team are here to help through every step of the way.