Standardly businesses have based themselves in the capital city of London, seeing it as a sign of being established and forward thinking. These days though, due to finances and in many cases a change in priorities, businesses are starting to look beyond London, and renting an office in Woking or other towns in the South of England instead. Moving out of London is as a way of both cutting costs, and attracting a wide range of talent to their workforce, and this is how.

• Cost in rent – Renting an office in London is becoming unrealistically expensive for even growing businesses. Renting an office outside London means considerable financial savings through cheaper rent. The cost of rent for office space in London is the highest in Europe. In 2021, the West End of London had average rents per square foot of £117.55 and this has since risen. Renting an office in Woking or other towns means making considerable savings for businesses looking to spend their money on improving areas of their business and growth.
• Reducing expensive and time consuming commutes – Not many people can afford to live actually in London, and so by staying outside of London, you potentially reduce the length of your employee’s commute. The length and even the cost of the commute to London might even deter people from applying to your company, so it also ensures you get the best possible talent, without putting off people worried by time wasted and money on trains and tubes.
• Outdoor space – An office in London is highly unlikely to have any easy access to outdoor space, aside from nearby city parks which can be overcrowded. An office outside London means more access to outside space and fresh air, which is important for wellbeing as well as for productivity.
• Less expensive to access amenities – For businesses looking for meeting spaces, places to hold events, tradespeople, contractors, or consultants, being based in London will mean that you will be paying London prices, but businesses with the same cost related issues as yourself. Renting an office outside London means everything tends to be more affordable.

Renting an office in Woking, and outside London

If you’re looking for an office rental in Woking, get in touch with Tannery Studios to find out more about their flexible contracts, modern facilities, networking opportunities and beautiful surroundings near the River Wey.