Growth in London office rental – A look at the booming London office market

With the current state of the very challenging economic climate it is essential for business’s to make the right moves, many consider location to be the make or break of  a company’s success rates. London’s office space proves to contain some of the country’s best office locations flourishing with business opportunity, and may just provide the solution to this problem.

London offices can be obtained in a range of locations; from established corporate areas, to the stylish tourist attracting suburbs. London is one of the world's biggest centres of finance and serves the perfect place for the business traveller. As well as this London works as an ideal social scene with world famous exclusive Michelin-starred restaurants such as L'Atelier de Joel Robuchon. London is full of specialist boutiques, quirky markets and world renowned stores; from The Beatles Store to Harrods, there is never a shortage of things to do in London. 

It is undoubtedly apparent that situating in the prominent position of London’s city comes with a great deal of advantages, the vibrant and fast moving pace of London serves an ideal location for London office rental. Easy access is supplied to the central business districts with the vastly dispersed underground system, London buses, and taxis on all routes. Communications therefore could not be any more efficient for potential clientele and are ideal for networking.

The London office market has grown a significant amount in the past 5 years with an increase in demand for London’s commercial space.  This is due to an advanced communications and information technology infrastructure and a supreme concentration of professional services The London office market is facing a bright future as a number of reports reflect positive outlooks for 2011 and the upcoming years.

Such office space locations include eminent areas such as Covent Garden, and Kings Cross, where the office spaces are surrounded by everything the city of London is renowned for. Rental prices for basic, economical locations such as this start from a mere £17.50 per square foot (per annum). Similarly priced locations include Knightsbridge and Victoria; with newly refurbished commercial office space which provides scenic views across Central London.

For the most luxury and top quality offices, prices range between £25.00 and £92.00 per square foot. Office spaces such as these come available with newly refurbished, high quality staffed reception areas. As well as this the London office rental space includes; comfort cooling and air conditioning, raised access flooring, suspended ceilings, parking facilities, passenger lifts and toilets. Many of the office locations including; Knightsbridge and Belgravia, Canary Wharf, and Marylebone, are on very flexible lease terms.

The physical environment in which you or your company works holds a great deal of importance. Providing an adequate environment for a workforce is essential; as well as improving staff satisfaction and contentment, office location can have an immense impact on business productivity and revenue, at the heart of the world’s commercial markets it is unquestionable that London offices provide a great foundation for a successful future.