Mayfair is associated with understated glamour, quiet affluence and a postcode that makes it a desirable location for both personal addresses and business locations. But can a Mayfair address actually help your business grow?
Mayfair – Home to the Rich and Famous
Mayfair has attracted the attentions of the rich and famous for many years because of its proximity to the very heart of London’s West End. Mayfair has transformed over the last few years from a residential area for the wealthy into a vibrant commercial centre for ‘new money’, creating another focal point in London’s financial power hub. This new money tends to be more media based, although Mayfair office space has attracted plenty of hedge-fund managers and financial institutions and will continue to do so.
The kudos of a Mayfair address can also be a major benefit to your company. Office space in Mayfair is highly desirable and the competition can be fierce for a Mayfair address. But the advantages are obvious – your business will be located in the very heart of London in one of the most desirable boroughs, with superb transport links and great facilities all within walking distance. And having a Mayfair address makes a great first impression with your business contacts.
Out of Reach?
Office space in Mayfair can command a very high price tag, but it is possible to find Mayfair office space for a reasonable rent. To secure a great office space in Mayfair it pays to be ahead of the competition, so the best way to make sure your company is at the front of the queue is to employ the services of a professional commercial property estate agent. They often have contacts that can notify them of upcoming vacancies before they’re generally advertised. Office space in Mayfair is in such demand that quite often this is the only way to find a property that suits both your requirements and your price range.
The economic downturn has played a part in the prices of commercial property, and as we head into the upturn, now is the time to get onto the property ladder in the more desirable areas of London. Negotiating a rental agreement now could mean that your business has the advantages of a highly desirable postal address at a much lower price than you expect. An office in Mayfair gives your business gravitas. Just by having a desirable address, your clients will be more willing to do business with you, rather than with your competitors. It may seem superficial on the surface, but first impressions count and office space with a Mayfair address makes a great first impression.
Having a Mayfair address can also attract better quality employees who want to work in the heart of London’s West End. All of this can contribute to the success of your business and enhance your reputation amongst your clients and competitors. Something as simple as choosing the right location can mean the difference between success and failure in business. According to the Guardian, 40% of all office space rentals in the past 12 months have been for small businesses. Mayfair office space accounts for a considerable portion of that, with plenty of opportunities for businesses to acquire a Mayfair address that can, under the right circumstances, be acquired for a reasonable rate. If you are looking to relocate your business to the heart of London, contact a specialist commercial real estate expert to see how your business could benefit from a Mayfair address.
About the author of this article:
Shivani Gurtu-Louth – Operations Manager of Devono Property Limited. Devono are the only commercial estate agents in London to exclusively represent tenants looking for commercial property and Victoria office space in London.
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