A Guide to Office Location Hotspots
What type of office location is right for my business?
Choosing the right type of location for your business can be a real minefield. Whether you’re an established business and looking for a new location for your business, or you’re just starting out and wondering whether to set your roots as a new and growing business, this article will help you to identify a location that most suits your business.
Prime City location
A city address can immediately add kudos to your company’s profile. It's easily accessible for clients and staff and you’ll be rubbing shoulders with some of the top brands within your business district. Of course, these properties attract high office rent charges, and demand is high which may affect the choice of properties that are available to you.
- Pros: Excellent transport links with access to a great pool of talent.
- Cons: High rents and business rates.
A high street location is usually smack in the middle of town with excellent access to public transport routes and shops. Offices located on the high street are typically above shops and are therefore less visible to the public eye, but can still benefit from having strong visibility to the public.
- Pros: Close reach of trains and buses for staff and clients.
- Cons: Can be a noisy location to work.
Business parks offer a cheaper alternative to city centre offices and are usually situated just on the outskirts of a town or city. A business park often has its own thriving community, and you are likely to be in close proximity to other businesses, many of which cross-sell to each other - which can be an added bonus to your clientele.
- Pros: Plenty of parking, security and room for expansion if and when your business grows.
- Cons: Local amenities such as cafes, sandwich shops and bars can be scarce.
Rural locations can be an attractive proposition to many businesses and offer the same access to markets as a city centre location, without the associated hassle of commuting through congested streets or crowded trains. A rural location often has ample parking for staff commuting to and from work by car.
- Pros: A quiet rural location can be conducive to creativity.
- Cons: Wifi signals and some mobile network operators can be notoriously poor in rural locations. Check before you commit to a lease!
Download the Office Space Checklist to find out what you need to consider before viewing potential properties with your Property Agent.
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