Just as buying a property in a sought-after area can result in easy resale and potential profit, choosing the right location for a business can pay off too. But how easy it is to determine where the best areas are? The housing market in recent years has become increasingly difficult to predict and to play, leaving many out of pocket.
Similarly, many businesses have moved to so-called up and coming areas that have failed to deliver. Therefore, when selecting office space it makes proper business sense to opt for a safe area; one that has remained steadfast in its appeal throughout economic ups and downs. One such place is London.
Highly regarded postcodes can immediately set businesses apart in the eyes of clients and there are few more renowned than London. It is an unfortunate fact that the economic downturn has left many businesses, large and small, reeling but securing an attractive address can give companies an increased chance of survival. Being in Central London makes entirely accessible for both workers and clients, in addition to suppliers if relevant. Some may be fearful of Central London prices yet the area offers a good range of properties and rents and any costs are balanced out by the remarkable and historically significant surroundings. How many businesses share the same postcode as Buckingham Palace for example?
There is much to consider when choosing a prime location for a business in any industry, but most checklists will struggle to find fault. If footfall is important to the success of a business, London cannot be faulted. In addition to the afore-mentioned Buckingham Palace, the area is also home to Westminster Abbey, Trafalgar Square and the Houses of Parliament. It goes without saying that it is something of a hotspot for tourism and therefore passing trade is always available.
Transport links are also a major consideration when choosing business premises and London has countless Underground stations in its vicinity. Moreover, if clients are more inclined to travel alone there are plenty of opportunities to hail a black cab; either way, London has transport covered. In addition to impressing clients with Central office space London is also an extremely attractive prospect for employees.
