With so many different styles of workspace on the market these days, which should you opt for?

What started out as a bright idea - an epiphany moment - has blossomed into a burgeoning business venture. Now you find yourself with a team of employees and you’re in need of an office. But where do you start? With so many different styles of workspace on the market these days, which should you opt for?

We asked the experts at Search Office Space for advice on how to find the perfect workplace.

STEER CLEAR OF OFFICE LEASES

Leased offices can be something of a burden for businesses who want to stay flexible in an uncertain economic climate. Most leases last for five years or more, making it difficult to move somewhere new should you need to scale up or down. They can also be very costly - you’ll have to factor in additional expenses like furnishings, overheads and IT, not to mention business rates, which are subject to recent government regulation changes.

Serviced offices offer a flexible, more cost-effective solution. In a serviced office (or coworking space), the occupier pays an all-inclusive rental fee that covers the cost of rent, overheads, business rates and IT infrastructure. Business essentials like a staffed reception and a stocked kitchen are also included! But what really makes this a popular option is people power - residents share communal breakout areas and coworking spaces with other businesses, opening up unlimited opportunities for networking and skills sharing.

“Being an entrepreneur can be very lonely, so being in a working space alongside people in same position as you is great. You are able to share the highs and lows and always bounce ideas off each other. Especially seeing as everyone has different businesses in various sectors. There is such a huge potential to skillshare – therefore, it’s not only hugely economical, but also great for mental focus.” Josh Turner, Stand4Socks



Serviced office/ coworking providers Office Space in Town [above] and WeWork [below] are popular with startups, SMEs and more recently, larger enterprises.

GO WHERE THE INNOVATION IS

Since 2000, the number of UK startups has increased by about 5% every year, and as the office market becomes more competitive, cities outside of the capital are vying for the attention of entrepreneurs and business leaders.

London
Average workstation cost: £576


The capital’s tech firms raked in more money than any other major city last year and it remains attractive location to venture capitalists; unsurprising, considering there are over 36 startup accelerators and incubators in London and 70+ coworking spaces, providing new businesses with spaces in which to grow.

Bristol
Average workstation cost: £205


Named the fourth most inspiring city in the world and recognised as a major tech startup hub, Bristol is home to the Bristol and Bath Science Park, a major incubator offering new companies both lab and desk space.

Manchester
Average workstation cost: £254


The UK government pledged to boost the North’s economic growth by investing in transport links and devolving power to cities like Manchester, Leeds , Liverpool and Newcastle. Around 68,000 people relocated to Manchester in 2013/14 from London. Manchester’s tech industry is second only to London’s and employs over 50,000 people.

UTILISE A FREE SEARCH SERVICE

The easiest way to find office space is by speaking to an expert. Office brokerages offer a completely free service to clients looking for workspace and will cherry pick locations in your chosen area that fit best with your needs and requirements.

Search Office Space is an office space brokerage and consultancy based in central London. The company has been finding homes for businesses for well over two decades and are leading experts in the growing field of commercial workspace.

August 2017