London is the established hub of flexible workspace in the UK. In this article we look at why SMEs are hungry to make a flexible workspace their home and highlight ten of the best locations for SMEs in London.
Why SMEs love flexible workspace in London
Flexible workspaces include serviced offices (private and shared), coworking spaces, managed offices and hot desk workspaces.
Many SMEs love the idea of flexible workspace because it takes all the hassle out of creating your own office and removes the Cap Ex burden and risks of signing a long-term lease.
The concept of a flexible office is that it’s ready whenever you are. You arrive, plug in, and start work. Flexible offices come with furniture, utilities, IT infrastructure, security and management supplied. Flexible workspaces in London are available to move in next day and offer maximum flexibility, with contracts typically ranging from one month to two years. There is no capital expenditure up-front and as far as possible, all costs are wrapped into one all-inclusive monthly invoice.
SMEs love London flex spaces because there’s something for everyone. There’s a vast array of choice and flex offices are great for growing businesses who want maximum flexibility, short- or medium-term solutions, great facilities and simple cost control.
SMEs have a huge choice of flexible workspaces in London
Despite the ravages of the COVID-19 pandemic, the future of flexible workspaces looks bright, with analysts suggesting flex space will grow from 6% to a 30% share of the office market by 2030.
Office Freedom now lists over 900 Central London flexible workspaces.
The choice of flex spaces continues to expand and there are now over 300 flexible workspace operators serving the capital. The choice of locations, operators, styles and prices is quite bewildering and is one of the primary reasons that SMEs turn to Office Freedom to help them short-circuit their search for the right office.
A Tenant’s Market – It’s Prime Time for SMEs
Now is a great time to get a fantastic deal on flexible office space. There’s an abundance of choice and some really great incentives that SME’s will find hard to resist. Offers include rent free periods, zero deposits, reduced rates and more. In some cases, you can sign a contract now and delay payments until restrictions are lifted. Office Freedom has a team of experienced property experts on hand if you need help with your situation, and no-one knows London office space like us.
Ten of the best Central London locations for SMEs
We’ve collated a list of ten London locations that are ideal for SMEs. Each has its own appeal and we guarantee that there’s somewhere for every type of business. Let’s get started.
1. Liverpool Street
Liverpool Street is a great choice for SMEs looking to locate in the heart of the city. Overground and underground rail links are excellent and the new Crossrail station due to open in 2022 will improve connectivity further, linking East and West London. The towering skyscrapers and refurbished brick façade buildings give the City a high-powered corporate feel. Fintech and Insuretech SMEs looking to locate in the heart of the financial district couldn’t be better placed.
There’s a huge choice of quality flexible workspaces in Liverpool Street including private offices, serviced offices and coworking options. To get an idea of what’s available around Liverpool Street, start your search here.
Situated in the western part of Central London, office space in Holborn is hugely popular with SMEs due to its great location and wide array of nearby amenities. Sandwiched between the West End and the City, some locals refer to Holborn as London’s Midtown. Offering competitively priced serviced office space and a host of Central London benefits, Holborn is the perfect area for SMEs looking to grow their business. Those SMEs searching for a comfortable and inspiring communal workspace will be pleased with the variety of choices on offer. At the same time, purpose-built private offices are also available within the area, offering stylish and state-of-the-art facilities for businesses to enjoy.
Take a look at these fantastic flexible offices in Holborn.
3. Kings Cross
This inner city area has been massively regenerated over the last two decades through major developments such as the opening of the Eurostar terminal and St. Pancras International station.
SMEs flock to Kings Cross thanks to its many transport links and its dynamic culture. The Guardian and the Observer have their offices here, along with big names like Google, Universal Music and Louis Vuitton. There is ample office space to rent in Kings Cross. If you’re operating an international (or even national) business, making a move into one of the many serviced offices available in the area could be one of the best decisions you’ll ever make.
Start your search for a fantastic flexible office in Kings Cross here.
Mayfair is possibly London’s most prestigious business location. It sits within the City of Westminster, bordered by Hyde Park to the west, Oxford Street to the north and Regent Street to the east. Mayfair is famous for its long-standing private clubs, vintage stores and Regency style architecture. The district even boasts a handful of historical estates – Grosvenor Square, Hanover Square and Berkeley Square.
Mayfair provides ample choice of first class serviced offices for SMEs looking to establish themselves in the capital. Networking opportunities abound and with Oxford Street and Piccadilly for neighbours, the options are vast.
Take a look at these affordable serviced offices in Mayfair.
5. Oxford Circus
Situated at the junction between Oxford Street and Regent Street, Oxford Circus is an interchange between the Bakerloo, Central and Victoria lines and is the third busiest London Underground station.
Oxford Street is the busiest street in Europe as well as being one of the most popular shopping destinations within the capital. Regardless of whether you’re after vibrant and social workspaces or classy and stylish serviced offices, Oxford Circus offers something for every business.
SMEs looking for a suitable flexible office location in Central London should certainly consider Oxford Circus. Its central location makes it easily accessible from all over London and the variety of businesses, shops and amenities nearby is staggering.
You can view a selection of fabulous serviced offices in Oxford Circus here.
Famous as a historic transport hub, Paddington has been reinvented in recent times as a great option for SMEs wishing to establish their business in London. Apart from the station, it has become a hidden gem of wonderful canals, quaint green spaces, bespoke office spaces, cosmopolitan eateries and a duffle coat-wearing bear!
There have been numerous property developments around Paddington in recent years. Swanky flats now surround Paddington Basin, while business thrives in glass towers that are home to famous names like EE and AstraZeneca.
Within a 10-minute walk of Paddington Station, the cultural hotspot of Hyde Park makes Paddington an alluring prospect for many SMEs. What better place to take your lunch break than in the Grade-I listed park? And why not take your Christmas party outdoors to the famous Winter Wonderland?
Take a closer look at some of the best serviced offices in Paddington here.
Located in the East End of London, Shoreditch is a district situated to the north of the City of London. The Shoreditch area is a triangle that comprises Old Street, Great Eastern Street and Shoreditch High Street. It’s a mecca for SMEs. This prospering area has much to offer visitors, including vibrant markets, edgy bars, restaurants and street art.
Shoreditch benefits from its proximity to other key areas, such as the financial district, City of London and the major transport hub, Liverpool Street. Its commercial potential is reflected in the availability of office space, with Shoreditch being home to some of the most attractive serviced offices in the capital.
Shoreditch is an inspiring and productive location, buzzing with the talent of architects, photographers, publishers, designers and technology companies. The Old Street roundabout has been dubbed ‘Silicon Roundabout’ due to the high number of tech start-ups that have flocked to the district.
Find a fabulous flexible serviced office in Shoreditch here.
Soho is a multicultural tourist hotspot in Central London, bordered by Oxford Street, Regent Street, Leicester Square and Charing Cross Road. Soho has long been known as an entertainment hub, attracting tourists and Londoners to its rich nightlife, West End shows and China Town’s culinary delights.
Soho makes a fitting business location for SMEs due to its location at the very heart of Central London. There are flexible offices to appeal to all tastes, from the cool and funky to the conventional and corporate. That diversity is reflected in the range of commercial spaces available, which includes both coworking, serviced offices and private offices. A myriad of late-night coffee shops and restaurants help further shape Soho’s unique charm and community feel.
Take a look at these fantastic flexible offices in Soho, available right now.
Southwark is connected to the City of London by several bridges across the River Thames. Tower Bridge, Southwark Bridge, the Millennium Bridge, Blackfriars Bridge and London Bridge all connect the City of London to the borough of Southwark. The home of Borough Market, Southwark attracts many visitors daily as do the many pubs and galleries stretching out along the river.
Southwark is a place of real diversity when it comes to cultural offerings and the range of commercial property available. The area has been extensively developed in the last decade, and now proudly hosts developments such as the Shard and new residential apartments along the river.
Many SMEs are looking to Southwark as an affordable Central London location, exploiting opportunities south of the river. Demand for office space in Southwark has continued to grow in recent years. The serviced offices available in Southwark are wide ranging, from the modest and affordable to the lavish and grand.
You can view a selection of serviced offices in Southwark here.
Located in the City of Westminster, Victoria is best known for its transport links and diverse range of industries. Victoria is one of the busiest transport interchanges in London, with extensive rail and bus services. Terminus Place is a major hub for bus and taxi services, Victoria Coach Station for continental travel and the overground and underground stations serve London well.
Victoria consists predominantly of commercial property, private and social housing, and retail. Victoria is becoming a fashionable place to start a business and office rents are slightly cheaper in comparison to its neighbouring districts.
With its excellent transport links to accommodate commercial and residential growth, demand for studios, office space, industrial units and workshops in this area is on the up.
Take a look at the range of serviced offices available in Victoria here.
So there you have it, ten Central London locations ideally suited for SMEs to call home. The range of flexible offices available here is huge and we’re sure that there is something to suit every business, from the most creative to the most traditional and all points in between. With London now gradually opening up for business, there are some fantastic deals to be had, so start your office search today and let Office Freedom find your SME business the perfect home.
Let Office Freedom help you find your next office
To find out how much Office Freedom can help you find the right office solution for your business, contact one of our experienced property consultants today:
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