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

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Located in prime territory just off Oxford Circus in Londons West End, HWH was previously considered a bit of a dud, as far as innovative workspaces go. They have undertaken major renovations with the idea that “it doesn’t have to be all work” and the building now boasts a gym with yoga, pilates and suspension training facilities, as well as a state-of-the-art sound system; showers, a “drying room” and lockers; and secure cycle storage. This was a smart choice; with many Londoners choosing to bike to work to save time and money on the morning commute, and space at a premium, tenants are sure to be appreciative.

Other “play” facilities will include a library, a 20-seater screening room and editing space, a café and a rumoured private apartment for power-naps. The Office Group’s trademark ClubRooms – drop-in offices, meeting rooms and lounges of various sizes – will be featured on the ground floor along with a member’s lounge, while the penthouse is one big, bookable meeting space for that extra impressive touch. Three different sizes of boardroom cover a range of décor styles to match the tone of your meeting. And – naturally – there’s also a Member’s Bar.

The offices cover the rest of the 76,000 sq ft and the serviced office provider has made excellent use of the once-maligned space, with private serviced offices fitting up to 100 people +. Each floor has its own kitchen, dining area and lounge, full IT and telephony are provided, and tenants have the option to rent either furnished or unfurnished spaces.
Although having the facilities all laid on for you is one of the perks of a serviced office, this dedication to wellbeing – both mental and physical – is unusually enthusiastic. The Office Group has taken an uninspiring building in a fantastic location and turned it into what is sure to become one of London’s hottest serviced premises come January 2015. Smart workers will be watching this space.
If you are looking for office space or meeting and conference rooms and want to discuss your options in more detail please don’t hesitate to give us a call on 020 3434 1667 or send us an email to enquiries@loc8commercial.com. We offer Free impartial advice covering the Serviced Office, Managed Office and Co-Working market in London and across the UK.

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Growing marketplace
Leased spaces have historically been the preferred option for small and larger businesses. Yet things have gradually begun to change and Serviced Office spaces have come into the frame. The technological changes we’ve been dealing with have morphed into changing the dynamics of the office space industry. Serviced offices are becoming more popular, for several reasons which we will explore.
Flexibility
Leasing your own office traditionally means being forced into a long term contract, often between three to five years. Landlords will often ask for a minimum deposit equivalent to 3 to 6 months rent – plus another 3 to 6 months’ rent in advance. You will then have to fit-out the space, buy furniture, cabling, phones, arrange security etc etc. It all adds up into hefty setup costs, especially for a business that’s constantly growing and changing. Serviced spaces tend to have a minimum contract of just three months, which favours those who might be likely to change location or staff numbers in the near future. Deposits are usually more in the area of 2 months’ rent, with just one more month paid in advance. It gives you, and other business owners, more flexibility and freedom. You can’t be 100% sure how much your business might grow, you may even have a business that fluctuates in numbers, and you might eventually realize you need more/less office space. That’s the primary reason why serviced spaces are advantageous. They are more suited to the dynamic changes businesses experience.
Cost-effective
Furthermore, serviced spaces are cheaper on average over the first three years of occupancy compared to lease spaces, less stressful and easier to manage. After all, the majority of serviced office providers have invested heavily in their fit-out and infrastructure having existing phone facilities, on-site security, and cleaning services provided. They include furnishings and inclusive bills, as well as fully equipped conference rooms you can hire by the hour – meaning you only pay for the space you’re using, if and when you use it, which leaves more of your budget to funnel back into your business. Serviced offices often come with highly trained receptionists and centre staff to handle messages, calls and guests – so you effectively have a full team working for you without the usual expense. With all that thrown in, it’s clear: you’ll be paying less, and getting more.
Other advantages
Besides this, your business could do without the headache of managing a leased office space. Not only will you be saving money, you’ll be saving yourself from extra supervision, so you’ll be able to focus more on what’s important and work on your business without worrying about external trivialities. So many features of renting a leased space have to be continually taken care of, from extra bill expenses to hiring cleaners, setting up an office internet connection, installing a phone system and buying the desk space and seating. All of that is automatically taken care of with serviced office spaces.
Considerations
Timeframes are a key factor with Serviced Offices able to have your business up and running within 24 hours. Sure, you’ll have to share your building with other companies. But that’s not necessarily a bad thing. You’ll each be working within your own headquarters, and you won’t suffer from any disturbances. You might even see it as a positive – with different businesses sharing the facilities, you might just make an excellent business contact while you’re making a coffee. A number of the Serviced office providers run networking events and actively encourage collaboration between tenants via their own intranets.

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