Start-up businesses by new and serial entrepreneurs are one of the most exciting things happening to our business economy. We have seen a huge rise in new companies forming over the past couple of years. Most aim to keep their overheads low and often launch from the comforts of their own home or coffee shops.

Most start-ups are self-funded but a lucky few are heavily backed meaning they can grow from a bedroom business to having a global presence in no time.

Start-ups used to mainly appear in industries like Tech, Media, Product and Fashion but we are seeing a pattern towards Property, Finance, Education and Healthcare.  The rise of Virtual Reality, Big Data, Artificial Intelligence, Wearable tech, Automation and mobile means that these industries are growing quicker than ever before.

It’s easy to be intimidated by bleak statistics where 8/10 start-ups fail in the first 18 months.  This is evident in the lack of start-ups that IPO in 2016 but we expect a huge number of new start-ups to go public. Who could they be?

1.    AppDynamics

2.    Snapchat

3.    HotelTonight

4.    Spotify

5.    Qualtrics

6.    Cloudera

7.    Dropbox

8.    Blue Apron

9.    Stich Fix

10. Airbnb

It’s public knowledge that AppDynamics and Snapchat have already filed to go public this year and we are confident of many more.

These companies fill many different office spaces with some having more than one office. Take a look at these offices we have available for you to rent and experience working in a similar environment to these great start-up –

The Shard, SE1 – https://loc8commercial.com/office/serviced-office-to-let/976/london-bridge-street-london-se1

Shoreditch/Old Street – https://loc8commercial.com/office/serviced-office-to-let/1493/westland-place-london-n1

Kings Cross – https://loc8commercial.com/office/serviced-office-to-let/750/east-side-kings-cross-station-london-n1c

Soho – https://loc8commercial.com/office/serviced-office-to-let/1029/sheraton-street-london-w1f

Chelsea – https://loc8commercial.com/office/serviced-office-to-let/1536/fulham-road-london-sw3

The City – https://loc8commercial.com/office/serviced-office-to-let/1028/devonshire-square-london-ec2m  

Whether you are a start-up, SME or a more established company we are sure to have an office solution to suit you. Please give us a call to discuss on 020 3031 8563 or alternatively search online via www.loc8commercial.com

The post 10 Start-Ups – Watch this space appeared first on Loc8 Commercial Blog.

During the downturn in 2008 many businesses looked for more flexible solutions for their office space. With long leases coming under significant pressure from serviced office providers able to offer flexibility in uncertain times, many businesses opted for short term solutions.

It meant that there was an explosion in growth in the serviced office sector that bucked the trend and saw the start of consolidation in the serviced office market. The clear winners during this period were the clients of serviced office providers. With more choice from the new centres and refurbishments, clients could choose their ideal office space solution.

But with office availability in many areas of London coming under pressure in recent years, the post Brexit economy still faces limited choice and serviced office providers are set to see demand continue to rise in the long term.

So what are the hidden benefits of serviced office space? Well more than you would think…

The Power of Your Network

One of the key benefits of any serviced office business centre is the ready-made network of businesses. Co-working locations are built around the network of people who use them and so are serviced office business centres. Many have regular networking events around breakfast or lunch times and also in the evening.

Transparent Pricing

One of the most significant benefits of a serviced office location is the ability to budget every month. Allowing you to fully understand the costs you can expect when you get the regular invoice.  Generally with all those additional costs included like security and utilities, it’s easy to see how serviced offices are a popular choice.

Luxury without the Financial Commitment

Affording your first office space shouldn’t mean you have to compromise on quality. Whilst there is an abundance of budget office space in key locations, many serviced office providers provide high-end office space that’s remarkable value for money when you consider the many added benefits.

Your clients will be impressed with the quality of the beverage kitchens, break-out spaces and meeting rooms at your disposal from providers like Landmark PLC, BE Offices and Leo. These companies have invested in luxury interiors with many unique and interesting features so you don’t have to. The impact they have on your clients can be huge and the benefit to your business can be considerable.

Secretarial Support on hand

Many business centres can offer a number of support options like printing and copying and even binding for that important business report.

But they also offer secretarial support to get typing completed, saving you and your team hours of additional time. This can be a highly useful benefit that can get lost amongst all the many others when you sign up for your new office space. So ask your centre manager for more details. It’s not just about answering your calls and greeting your visitors!

Flexibility to move locations

A serviced office provider with locations across London and the UK can provide a useful hidden benefit. But could provide a cost effective lifeline should you need to relocate. With exit fees and moving costs to consider a better and more cost effective solution would be to relocate to another business centre with the same provider.

The upheaval of moving offices can be difficult enough. Changing your business address on everything can be time consuming and expensive. So anything that makes the process of moving easier should be grasped with both hands.

There are many more hidden benefits of serviced office space in addition to these we’ve mentioned here. The ability to move in quickly with very little inconvenience is perhaps the most obvious benefit. But take a moment to consider all the others that take the headache out of new office space.

To talk to a member of our team for free impartial advice and to discuss the many hidden benefits of your next office space call 020 3031 8563

About the Author

Stephen Moore is a writer and marketing consultant supporting businesses in the commercial property sector. Find out more about Stephen at Google+.

The post The hidden benefits of a Serviced Office appeared first on Loc8 Commercial Blog.

With investors keen to remove their funds from exposure to weakening confidence in parts of the economy like property and the financial sector, the feeling has been one of an impending recession.

The serviced office sector has been quite resilient to the ups and downs in the economy having weathered the downturn on 2008 remarkably well. The move then to look for short term property solutions to reduce long term risk meant that serviced office operators saw the longest period of sustained growth in its fifty plus year history.

The flexible workspace market has seen a number of mergers recently with new acquisitions taking place almost every month. When combined with the expansion of many providers like Citibase and Club Workspace it’s clear the sector is ploughing on regardless of the current economic climate. In a recent interview with Landmark CEO Richard Gill, Green Kinnear co-founder, Douglas Green says the recent consolidation in the sector looks set to continue in the short term and he goes on to talk about the expansion plans of a number of leading providers.

It may be still too early to say what will happen over the next six months, despite some analysts from UBS saying London property prices could fall by as much as 20% this year. This has been revised up from their previous estimate of 15% but it should also be noted that even at the very highest UBS estimate, this expected decline is a far cry from the 44% drop between 2007 and 2009.

These days the market is different from those unpredictable days of the so-called downturn. The banks exposure to commercial property debt is down from its £150bn peak in 2009, to around £85bn today.

With house prices stalling in the three months before the referendum, many experts have predicted a fall in prices in the months ahead, especially in London and Scotland. Markit chief economist Chris Williamson said, “This is the first time that prices have failed to rise in London since late 2012 in the quarter before the vote.” However, in July things are looking up. According to Knight Frank the negative outlook has failed to materialise, with London house sales up 38%, fueled by an influx of foreign investors attracted by the low pound.

This see-saw effect makes it very difficult to predict which way the property sector will go next, but all eyes are on the top property funds in the weeks ahead to see if current losses deepen or improve. With the appointment of Theresa May as the UK’s new Prime Minister this week, bureaucrats in Europe and the world financial markets are watching closely to see how she deals with the UK’s exit from the European Union.

Watch Theresa May’s full speech as Prime Minister below:

Video courtesy of ITV News

So watch this space to see what happens next. We will post updates as the situation develops.

About the Author

Stephen Moore is a writer and marketing consultant supporting businesses in the commercial property sector. Find out more about Stephen at Google+.

The post The Post Brexit implications for the Serviced Office Sector appeared first on Loc8 Commercial Blog.