This year has seen a flurry of new trends emerging for both large and small businesses. Over the past few months, London’s startups have shown a greater interest in private offices. Private offices are a popular and practical alternative to coworking spaces.
Another trend amongst businesses of all sizes is flexible workspaces. In 2019, the tech industry accounted for 16.3% of all flexible workspaces in London, which was double that of 2018. These numbers are projected to continue increasing and we have already seen an early indicator of this here at Canvas. We've compiled some of the many reasons why flexible private office spaces in London have seen a surge in demand. As well as why London startups are opting for their own space.
Cultivating a Culture and Making the Space Your Own
One of the main deciding factors for employees when choosing to stay at a company or selecting a new one is the culture of the team.
After spending a great deal of time working from home over the past 3-6 months, depending on the industry, team culture has been that little bit harder to endorse and maintain. Not only that, it’s also highly likely that your team has missed working together and are looking forward to some time away from home. You may have also recruited parts of your team remotely. Well, now you have the opportunity to create an office and team environment that you’re truly proud of. This has very much been the case for small businesses established in the past year.
The perk of private offices is the ability to really make the space your own. Being able to decorate the space and choose a layout to define the environment you need, makes a huge difference in productivity and overall team morale. The office is an opportunity to create a visual representation of your company values, priorities and overall culture.
The Benefits of Privacy
The market is particularly competitive for startups, which makes the desire for privacy understandable. Guarding an idea, as well as allowing the space and time to harness innovation, is hugely valuable to any startup or business on the cusp of a new product launch.
Privacy not only protects your ideas, it also allows for minimal distractions. Coworking spaces are fantastically vibrant, however, opting for a private space allows for the freedom to work without being disrupted or being disruptive to others.
Having your own private office means that you can also control the space as you please. This might be to protect sensitive information for example. Or maybe for security. Whatever the reason, your own private office means that you can manage exactly who comes in and out.
Accelerating Business Growth
Tech startups are thriving this year, with the digital arena continuing to grow rapidly. Businesses of all sizes have been prioritising the mobilisation of their digital products and strategies. This has also been a contributing factor for the growth in demand for a private office space for rent. Opting for a flexible office space allows for growth within your business.
There is also a great deal to be said for having a serviced office. This allows you and your team to leave the office management to the experts. Productivity hugely increases when you take away the non-essential tasks and create a clean and healthy environment for the team.
