Physical space, whether residential or commercial, is expensive in the UK.
Traditionally office space has been rented by the sq. ft., the list below shows the average price per sq. ft. for office space in London, Manchester, Bristol and Edinburgh. (Figures 2014)
Manchester – £28.50
Bristol – £27.50
Edinburgh – £29.50
In a typical business centre, a two-person office is around 100 sq. ft. Using the figures above you can quickly see how expensive renting office space can become.
Now, of course, there are variations in the quality of space, the location or facilities on offer in any given office building that could bring the cost down, but overall, is having a physical office worth it?
You need a place to live, but do you need a place to work?
We have grown accustomed to the high price attached to renting or buying a home here in the UK, but with advances in technology making it easy to work from home, or wherever you like, this cost burden no longer has to be felt by your business in the form of an office.
By making the decision to have a Virtual Office address, you will save £1,000’s every year – allowing you instead to invest that money into your business.
A switch to a Virtual Office is not just about cost saving either, the rise of remote or virtual working shows no sign of slowing down, as more people look for a better work-life balance.
You don’t even need to drop your Virtual Office when you hire staff, check out our guide to managing a remote workforce.
Let’s put this in perspective
Here at Virtual Headquarters, we are all about helping you present the best possible image to clients, whilst being savvy with your budget.
Your business could have a premium city centre address, (with your mail forwarded or scanned to you instantly) a local telephone number, and a receptionist answering all of your calls, transferring to you, taking messages and representing your brand.
And the cost?
Roughly the same as an office in London – the size of a dishwasher.