Just like residential property, the asking price for prime, city centre commercial property in London can be astronomical, making it less than cost effective for smaller or start up businesses to operate from the best commercial hot spots.
We came across this great infographic looking at the costs of running a business in London versus the cost of hiring a virtual office, offering some real and very visible benefits for those people who want a London base without the hefty price tag.
We especially enjoyed looking at the rather absurd costs of running an office the size of a London phone box in the W1 area for a year…wow! If you’re considering starting up a business, we think a great way to keep costs down and give yourself a city centre presence is by hiring a virtual office. Win-win as far as we can see.