Oft-overlooked Southwark is a fantastic place to base yourself and your business in London. Having placed a number of clients in the borough recently, here are our top five reasons to search for office space in Southwark.
SE1 allows you to sit just outside the city on a day-to-day basis but gives you great access to the centre of town as and when you need it. The commute is slightly less busy, the area around the office will have lots of culture and of course the prices are ever so slightly lower.
Design is always subjective but if you’re a business who prefers Old London to new, looking past Borough Market to Bermondsey Street may be the place for you. The brickwork, the high ceilings, the smaller buildings and cosier space creates a real incubator feel for a business. Spaces here have identity and generally align with more creative brands.
Not just the rent but the service charge and the business rates will be lower than what you can expect just 15 minutes up the road. We’re in an economy where price and value for money really matters, perhaps being 15 minutes further out than you would have hoped for is no bad thing if it saves you 10% of the overall cost and allows you to put more money back into business growth.
Being around theatres, the South Bank, local communities, schools and fewer chains will allow your business to engage and become part of the community. We have had clients move out of Canary Wharf for this reason and others move from Mayfair to Shoreditch to feel more connected to their locale. Participating in the local community, being part of it and getting your team to engage with it can be a real unexpected bonus.
There is so much choice in Southwark now. The Workspace Company have really invested in their space over the years and that has led other landlords and providers to do the same. If you walk down to Upper Ground from Southwark, through Hatfields and Coin Street, there are some really stunning workplaces to choose from.