Looking for an Affordable Office for Rent? Start Thinking Outside the Box!
It perhaps comes as no surprise to hear that finding an affordable office for rent in Central London is becoming more and more of a challenge. During 2015, businesses looking for an available office for rent in the capital were having to fork out up to 11 percent more than the previous year due to rising costs, and London is now said to be the third most expensive city in the world, coming just behind Hong Kong and New York. The reason, of course, is that London is considered one of the best cities to do business in, but how can small, growing businesses maintain a presence in the capital without the sky high price tag?
The good news is that things are about to change. The proposed ‘HS2’ high speed train line linking London with the Midlands is expected to have a significant impact upon business, ultimately lessening the importance for companies to maintain a permanent base in the capital. Should the proposal go ahead, it is anticipated that the current 85 minute journey between the two cities could be shortened to under an hour – 50 minutes to be exact – which is opening up many doors for growing businesses. Those looking for an affordable office for rent may wish to start considering Birmingham as a viable option.
In choosing an office for rent in Birmingham, businesses are giving themselves two exciting options:
Fast & Efficient Business Travel
- With a journey time of just 50 minutes, companies who opt for an office for rent in Birmingham should find it it quicker, easier, and more enjoyable to dart into London to meet with clients at their premises, or are easily able to welcome capital-based clients at their own offices thanks to a shorter journey time.
- For businesses who still want a base in London, businesses could still consider an office for rent in Birmingham, along with a coworking space in the capital. Many coworking spaces can be booked on a day-to-day basis, so you’re only paying for the times that you’re in the office, instead of paying full rent.
- It is expected that the average office for rent in Birmingham will become highly sought after as development of the HS2 line continues, with some places being more in demand than others. Birmingham city centre will, of course, be a major focus, although areas surrounding the old Curzon Street Station, which is anticipated to receive the trains, may also become a hot topic, including areas such as Bordesley GreenStart thinking outside the box, andstart your search for an office for rent today.
A Boost for Birmingham