Commercial property company Pearl & Coutts comment on finding office space outside of Central London.
(1888PressRelease) September 21, 2013 - London has just been named as one of the world's two most expensive locations for commercial property. According to research released by a global property advisory firm, the only place in the world with similar rents for businesses is Hong Kong. In the meantime, there is a huge buzz around prime retail and office space in London. As residential pricing continues to soar, many areas of the capital remain in hot demand by businesses. Away from the media hoopla, the question remains how can businesses afford to rent in the capital - and should they even try?
Hong Kong recently snatched the crown for the most expensive place to locate a shop, whilst London overtook it for the most expensive place for office space - in the entire world. The 'top ten' global list also included New York, Zurich, Moscow, Paris, Tokyo, Brisbane, Sydney and Melbourne. For office space, London beat Hong Kong and Rio de Janeiro to the top slot. There are now areas in London accommodating 'overspill' - places where newer companies would ideally like to be in an office in a nearby borough but simply cannot cope with soaring rents there.
Top property developers are delighted with the high demand for areas like London's West End, citing an effect created by the scramble for high value luxury housing in certain areas. This is reportedly pushing up both demand and rental value for shops, cafes, bars and restaurants in prime areas. And the effect is not limited to retail and restaurants. As the square foot value of an area rises, its general desirability even begins to extend to totally unrelated office space - again driving up local prices. Pearl & Coutts is a commercial property company that specialises in matching clients to the right premises throughout the capital and across the UK. Their measured approach is renowned for helping small to medium sized businesses take up space in London when many had all but given up on being able to afford a workable solution there.
"You may feel like it is impossible to find premises which are going to suit your needs in London right now. There's a lot of media coverage hyping up certain areas and it's true that strong residential demand is affecting the way that people perceive certain areas. But if we look at what your business actually needs for successful trading, we can make suggestions that will save you money in the short, medium and long term. Many businesses can be offered fresh thinking about exactly where to locate. The most cost effective, genuinely viable locations may not have been on their original shortlist. And our suggestions offer trading advantages they may not have thought possible due to budget constraints," said a spokesman from Pearl & Coutts.
To speak to their multilingual team about viable office space in London, call their team on 020 7843 3788.
Their current selection of commercial property including offices, shops, industrial units, storage and parking can be viewed online on their website.
Commercial property company Pearl & Coutts comment on finding office space outside of Central London. 
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