Which type of office should I choose?
London’s flexible workspaces and office spaces to rent have one thing in common: licence agreements. Unlike a lease, a licence agreement allows you to rent an office for shorter periods of time and there’s room for negotiation. Also, all-inclusive monthly billing makes it easier to keep track of cash flow.
If you’re a solopreneur or manage a small team, you might decide to rent desks in a co-working space. Many run events for members, enabling you to network and grow.
If you want your own space, you can rent a private office in a flexible workspace. Shared amenities mean you’ll still pay a competitive price and get to meet other businesses.
Designed with medium to large businesses in mind, a managed solution provides a self-contained, customisable workspace solution on flexible contractual terms.
London & Partners has been an invaluable source of support and guidance to ChargePoint in the months following our establishment as a UK company.Tanya Sinclair
Policy Director UK & Ireland
Serviced office costs across London
If your business can’t commit to a long-term lease, a serviced office is an ideal option.
Here's a snapshot of the average costs per month.
Prices are based on the average cost of one mid-range workstation per month and subject to VAT.
Exclusive rates on co-working space
London & Partners' clients can receive discounted desk hire with our London Touchdown Membership Package.
Negotiating a lease
It is a good idea to instruct a commercial surveyor and a real estate lawyer to advise you on your lease, but some key points to consider are:
The premises: consider what you need now and in the future. The lease will govern your ability to sublet, share or assign. You will need the landlord's consent to make alterations to the premises.
Rent and service charge: you may be able to negotiate a rent-free period, a stepped rent or a service charge cap.
Repair: you will be responsible for the standard to which the premises must be maintained during the lease as well as the condition they must be handed back in at the end of the lease.
Break rights: if you need the option of terminating the lease early, a break right must be negotiated.
Use: you need to ensure that the premises can be used as you intend – the position under planning law should be investigated.
Data cabling: if you need new cabling, then you must ensure that the landlord will help you put in place the necessary agreements with the data operators.
Content provided by First Office Hub and Bates Wells. This information is intended for general guidance only. You should always seek professional advice.
How London & Partners can help
Our team offers free advice to potential investors, from startups to established companies. We can:
- Help you find the best London office location for your business based on your needs, London demographics, access to suppliers and key customer markets.
- Connect you to our professional network of commercial property agents, lawyers and architectural/workplace planning consultants.
- Help you benefit from exclusive rates in our London Touchdown Membership Package.