You may find it challenging to decide where to rent office space for your London business because you don’t only have traditional office types to choose from. For example, you could rent a desk instead of office space.
In this blog, we’ll cover the pros and cons of each, helping you to make an informed decision as to which type of rental would suit your business, whether you’re a startup looking for London office space or you need to relocate because your business has outgrown your current premises.
What Is A Desk Rental?
Are you looking for an affordable way to rent space with no long-term commitments? A desk rental may be the solution, particularly if you own a startup business and employee numbers fluctuate. You will literally be paying for what you’re using, making it an inexpensive and flexible way to rent.
Suppose you do decide to rent desk space in London. In that case, you’ll still have a regular structure, using the same desk each day and working alongside the same professionals, which will help you, as an individual or a business, to work consistently. It will also open up plenty of networking opportunities.
What Is An Office Space Rental?
When choosing an office space in London to rent, you must decide whether you want a private or shared one. Depending on your business and business needs, either option is a flexible and affordable solution, stepping away from the long-term commitments of traditional renting.
DeVono has a range of flexible office spaces available to rent in numerous parts of London, many of which come with furniture, such as desks and chairs, and IT and telecoms infrastructure already installed. You won’t be tied into any long-term and complex contracts, making it easy to relocate or expand as your business grows.
The type and size of office you rent depends on how much space your business needs.
Advantages Of Renting Desks
Below are some of the advantages of renting desks:
- If you’re in the early stages of your business, you benefit from the flexibility that short-term contracts offer.
- You’ll be able to network with like-minded professionals, opening up further opportunities for growth and exposure.
- If you choose the hot desk approach, you’ll have the option to change up where you work; new surroundings equal new ideas, which will help to get your and your employees’ creative juices flowing, resulting in higher productivity levels.
- Your costs will be lower than if you were renting a room. However, renting a space becomes more affordable as your team grows than renting several desks.
Disadvantages Of Renting Desks
Of course, there are disadvantages to renting desks as opposed to renting office space. Some of these are as follows:
- Privacy can be limited. Whilst connecting and collaborating are crucial for businesses, it is equally important to hold sensitive conversations or client meetings, which can be challenging in a shared space.
- It won’t be easy to promote your brand. You’ll only have your desks, making customising and reflecting your brand challenging. Furthermore, you’ll be sharing your space with an eclectic mix of businesses, which adds to the challenge of incorporating your brand’s logo and colours.
- Your employees’ productivity may be impacted. Due to the fact that customisation is limited, it can be difficult to express your business’s values. This may lead to your employees struggling to feel a sense of belonging, which, in turn, may result in unclear visions and reduced productivity.
Advantages Of Renting Office Space
There are plenty of advantages to renting office space in London. Just a few of the key benefits include the following:
- You can turn your office into a creative workspace. When you rent an office, it’s easier for you to promote your business by incorporating your brand colour and logo, which will help to build your company’s culture and bring your team together.
- There is more space for your business to grow. If your startup expands quickly, a flexible office space will support this, enabling you to incorporate more desks easily.
- Private conversations can be had. Many office spaces come with breakout rooms and meeting rooms, giving you and your employees a designated area for collaborative discussions and client meetings.
- Your employee’s productivity will increase. In a rented office space, there are fewer people and, of course, just one business. There is less noise so that employees will be less distracted, and with everyone working towards the same goal, collective productivity will increase, resulting in a more effective output.
Disadvantages Of Renting Office Space
Despite the multitude of benefits that come with renting an office space for your London business, there are several disadvantages that you should be aware of. These are as follows:
- Renting office space is more expensive than renting a desk.
- It’s a bigger commitment compared to renting desks.
Although renting London office space can be expensive, DeVono offers a more manageable alternative.
First, you will only pay for what you use. There are no hidden costs, making it easy to stay within your budget. DeVono’s flexible and serviced spaces include most necessities, such as furniture, maintenance, and cleaning.
Furthermore, DeVono won’t tie you into a long-term contract, so if you need to scale up or down to suit your business’s needs, you can do so quickly and easily.
You can also request office space with more facilities, such as an event room, meeting room, breakout space, cafe, gym, and much more. As your business grows, so will your employee and client’s needs, meaning you’ll need to adapt and evolve. DeVono will be able to support you every step of the way!
You should now be able to make an informed decision as to whether renting a desk or an office space will be more suitable for your business.
If you need help with your workplace office design, Dthree, part of the DeVono group, can design a functional office to inspire your employees and attract more clients.
