An office is not just four walls and a door – the right office space says something about who you are as a business, and can leave a lasting impression (positive or negative) on prospective customers and clients. Here’s what you need to know when searching for that perfect workspace in London.
It isn’t easy to build and maintain a positive and productive company culture. David Cummings, co-founder of Pardot, once famously said that company culture is the “only sustainable competitive advantage that is completely within the control of the entrepreneur.” It is essential to get culture right quickly, and then to keep it alive with the right environment and incentives.
With that in mind, choosing and acquiring the right office space is a huge consideration for both startups and established businesses. You want a luxury location that is private and secure – somewhere where you can make your mark, and create a culture that expresses your values.
In a large complex market with dozens of large operators and a big focus on curated communities and communal working, finding space that is private, fully serviced and a ‘cultural fit’ – especially in a competitive area like central London – can be a huge challenge for the even most diligent founder or office manager. To streamline your search, make sure to include the following criteria.
There are tons of variables that can impact your office choice but zooming out, and looking at it from an objective viewpoint, there are three criteria that should take priority.
Can your team get to the office easily? Is it near transport links, or in a central hub? In a remote working-enabled world, location may seem less important than it used to be, but this isn’t the case. Having an office in a safe, clean and convenient location can help maintain team culture, lure great hires and aid retention. At Workpad, we pride ourselves on offering some of the best offices in Central London.
Whether you are just starting out or run an established business, cash flow is always king. Tying up capital with traditional office leases can be an unnecessary burden on your finances, as your accountant will no doubt tell you. Fortunately, with hybrid and flexible arrangements now becoming more common, you might be able to source your dream office for less than you think. Thanks to our new partnership with Insurami, even putting down a large deposit is a thing of the past.
Last but not certainly not least is the ability to put your own mark on your office space. In communal and shared offices this is usually impossible, which makes building your visual brand identity and environment a challenge. With Workpad HQ, you can enjoy all the benefits of a serviced office with the creative freedom of a traditional lease. Brand your workspace, make it a powerful and idiosyncratic hub for team collaboration, and reap the benefits for years to come.
Workpad is one of the leading providers of high end office spaces in central London. Our number one priority is to make your life easier, which means flexible payment terms, and a 6-8 week turnaround between sourcing your new office and your team moving in.
Our industry-leading retention and referral rates, not to mention our 96% occupancy rate across our portfolio, should tell you all you need to know – but in case you want to talk to one of the team, you can get in touch here. So if you’re looking for a new HQ for your business on flexible terms, we can help. Find out more about our luxury office spaces and managed workspace solutions here.
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