Office provider LABS has launched its 96,100 square foot flagship property LABS House in Bloomsbury, London that features coworking, offices, and full-service dining.
Budget-friendly areas in London for fostering business growth
When choosing an office space, there are a number of factors that come into play to find the perfect match for your profession. Here are some places outside of the Central London area that can help you save money in the long run.
Croydon in South London provides competitively-priced offices and is a vibrant hub for those within the tech and digital industries, having fostered more than the London and UK averages in its growth.
Bromley is perfectly situated by public transport links and is home to Bromley College’s Capital B project, allowing for potential student recruits.
Euston offers a wallet-friendly solution to professionals looking to be apart of the Central London area without breaking the bank.
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Paddington is another money-saving option for those looking for a space outside of the upscale Mayfair area. You could also save money on energy costs as natural daylight shines through the floor-to-ceiling glass exterior of BE Office’s serviced offices building.
The City of London has also recently become a great setting for, not only corporations, but also startups in the financial technology sector. Startups.co.uk reported that 80.6% of the City’s businesses only have up to nine employees.
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Cool office interiors are ideal at first glance, but looking into a company’s principles, such as gender equality and flexibility, will be the factors that retain talent.
Colliers International revealed the success of the office market last year due to high demand for coworking and tech firms, but predictions for 2019 are uncertain.
Shared office space providers as tenants have become the norm for many landlords and building owners, and now many REITs have adopted coworking as it continues to expand.
Brookfield Properties has teamed up with Convene to spruce up the 73,000 square foot Brookfield Place into a full-service events venue that accommodates up to 500 people.
Many coworking operators pride themselves on massive, rampant expansion, but some industry experts believe this growth could lead to failure and consolidation in 2019.
Coworking has expanded into many major markets of the nation over the past few years, but some firms are finding their client base to be working moms in the suburbs.
Howard Hughes, the development team behind Chicago’s Bank of America Tower, announced that luxury coworking brand No18 will take up two floors in the 55-story building.
WeWork has officially become one of Seattle’s largest office space occupiers, along with Amazon and Microsoft, and has a total footprint of about 1.7 million square feet.