London is where all that’s hip and happening stays hip and continues to happen. It’s the heart of the tourist industry, where creative types come to thrive and corporations set up shop.
But the runaway success of the city has made it markedly more expensive than anywhere else in the UK. The living wage, for instance, is £9.15, compared to £7.85 in the rest of the country.
Such inflated prices are pushing residents from the city, as local authorities are accused of gentrifying the capital.
Rents are increasing along with protests about living costs – and it’s a situation that has a knock-on effect for small businesses.
As more affluent residents populate the capital, those offering bespoke goods or running quainter businesses will struggle to meet the heightened expectations of high rollers.
SMEs are already being pushed from high streets thanks to the success of online retailers – will they soon be rushed out of the capital by big business?
Only individual bosses can really answer that question, but they’ll have to fight for survival.
One of the major issues facing a business lies in the price of a property in the capital.
Many have had to make do with smaller properties in poorer areas. But that doesn’t mean they’ll flag under the strains of their location.
With the right knowhow, even the grittiest areas can hold their own against the big hitters. You just need to know how to transform your office.
So how can you alter your London workplace, and turn it into a place that will wow clients?
Even a small warehouse or office can double its space – you just need room above your head.
Mezzanine floors London have been helping small offices for years. Essentially a platform held up by steel girders, they can give you a new floor and plenty of extra space.
These raised platforms have a rustic quality to match a hip agency or computer specialist. So you’ll be splashing out on aesthetics as well as space.
Know the zones
London is split into several zones that, although ostensibly for the underground system, can help you find exactly the right location – and at a decent price.
Some cheaper districts sit directly next to their more affluent counterparts. If you can find a place that sits neatly between zones, you could find customers flocking to you.
Each zone attracts a specific kind of clientele, so always bear that in mind before you rent a workspace.
Price will always be a factor in London – but the right changes to your workplace could stop you being pushed out of this bustling city.