As the world continues to change, the way we work is also evolving. With the rise of remote work and the abundance of online communication tools, some may ask: do we even need a physical office space anymore? But hold onto your hats, because renting an office space can offer a bunch of benefits that make it a savvy choice for businesses.
In this blog, we’ll dive into why growing businesses should rent office space in the UK, as well as who is taking advantage of this approach and what the average cost is.
What Businesses Rent Office Space?
Nowadays, offices are a must-have for businesses to work, meet, and collaborate in a professional setting. More and more companies are renting office spaces, including freelancers, small to medium-sized businesses, and growing tech startups, but is it right for you? Let’s dive into who typically rents office spaces and how they might benefit from it.
Freelancers and Entrepreneurs
Freelancers and entrepreneurs are the cool kids who are always hustling from their couch or bed. While working from home has its perks, it can also be a real distraction and a tad lonely. Renting an office space can give this kind of worker a boost of professionalism and separate their work from their personal life. Plus, they might just meet some like-minded individuals and expand their network!
Small to Medium-Sized Businesses
Small to medium-sized businesses are another group that frequently rent office space. Event companies and E-commerce stores often need space for their growing team as well as stock and equipment. There are office space providers that offer flexible workspaces and storage all in one place for added convenience. Renting an office space can also give you access to shared facilities like a reception area, kitchen, Wi-Fi, and meeting rooms.
Remote Teams
While working remotely has its perks, it can be tough to stay motivated and connected with the team. Renting office space in the UK can provide a central location for remote teams to work together, hold meetings, and bond over their love of office snacks.
Non-Profit Organisations
Non-profit organisations may not have the funds for a fancy office, but renting an affordable office space can help them build credibility and establish themselves in the community. Plus, it’s always great to have a professional environment to conduct operations, host meetings, and collaborate with partners.
Startups
Startups often don’t have the capital to lease a large office space. Renting office space can be a more cost-effective option that still provides them with access to facilities like meeting rooms and reception areas, so it’s a win-win! Be sure to rent office space with a flexible lease to avoid being trapped in a long-term contact you can no longer afford.
What Are the Benefits of Renting Office Space?
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Professional Image
When it comes to building a successful business, having a professional image is key. Renting a physical office space can give your company a sense of permanence and professionalism. A dedicated office space not only provides a professional address but also a place to hold meetings and host clients, which can further enhance your company’s reputation.
Better Work-Life Balance
When working from home or remotely, it can be challenging to separate work and personal life. Having a dedicated office space can help create a clear boundary between the two, making it easier to switch off from work and relax during personal time. This separation can lead to better mental health and reduced stress levels.
Increased Productivity
Distractions can be a productivity killer, especially when working remotely. Renting an office space can provide a dedicated work environment free from distractions and interruptions, leading to increased efficiency and output. Additionally, having a clear boundary between work and personal life can help avoid burnout.
Networking Opportunities
Renting office space can also provide an excellent opportunity to network and collaborate with other businesses in the same building or area. Working alongside other professionals in your field can provide an opportunity to share knowledge and ideas and even lead to new business opportunities, partnerships, or referrals.
Access to Amenities
Renting an office space doesn’t just provide you with a dedicated work environment, it also comes with a range of amenities that can save you time and money. High-speed internet, meeting rooms, kitchens, and reception services are just a few of the facilities that may be available to you. Having access to these amenities can help you work more efficiently and professionally, without the need to invest in your own infrastructure.
How Much Office Space Do You Need Per Person?
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The amount of office space needed per person depends on the nature of your business and the tasks you perform. For example, if you have a small agency and need space to conduct meetings and store files, you will need more room than a freelancer who typically works out of a backpack. However, a general rule of thumb is to allow between 10 to 15 square metres per person.
It’s important to consider factors such as the need for private offices, collaboration spaces, and storage space when determining the amount of space needed.
How Much Does it Cost to Rent Office Space in the UK?
The average cost to rent office space in the UK can be anywhere from £45 to £100 per week. This cost depends on factors such as the specific location, amenities offered, lease terms, and other factors.
At Storage World, for instance, you can rent a secure workspace from just £45 per week. These affordable office rentals range in size from 2 to 6 desk capacity, and come with flexible rental periods so you can stay for as long or as short as you like.
While remote work has become more prevalent in recent years, many people are still finding that having a physical office space is important for their business. Renting office space can provide a professional environment, increase productivity, and offer networking opportunities that are difficult to achieve when working remotely.
Additionally, with the rise of flexible workspaces, renting office space has become more accessible and affordable than ever before. With companies like Storage World, you can rent office space with flexible leasing options and secure storage space for businesses right next door. These office spaces also include practical workspaces and productive studios for creatives.
For world-class storage and office space in Greater Manchester, talk to our specialists at Storage World. Request a quick storage quote online and you can get *50% off your first eight weeks with us. Alternatively, give us a call on 0800 310 0450 to learn more.
