As the largest metropolitan area within the European Union as well as the world’s most visited city, London is one of the globe’s most attractive bases for business. This classic city is also one of the global economy’s three command centres (alongside Tokyo and New York), further establishing its value as a business centre for local as well as foreign-owned companies. No surprises then that office space in London has become a highly sought-after commodity.
The prestigious city is home to a number of diverse business districts, each attracting different sectors of the business world. Office space in London’s Square Mile is occupied largely by the financial sector, with as many as five hundred banks based in this popular pocket. Situated within the charismatic district of Soho is an array of media companies, while retailers often opt to set up shop in the Oxford Street area. The districts of Shoreditch and Old Street – frequently also referred to as the “Silicon Roundabout” – host several hundred IT firms and start-ups. Due to the fast changing nature of the area, the variety of office space in the district ranges from historical buildings to purpose-built small business environments.
When selecting office space in London, it’s crucial to prioritise an address that will help foster valuable business connections and attract the desired clientele. Flexible office solutions provide these businesses the freedom to upsize or downsize according to their requirements. This strategic development now provides the opportunity for businesses on a budget of any size to enjoy the prestige of London office space.