South West London Offices to Rent
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Featured South West Business Locations
Office Rental Costs & Considerations
Two important considerations include connectivity options and the low availability rates of commercial floor space. Public transport connections with central London and other parts of the city are limited to railway services, which means that many businesses must rely on the skills available within the local workforce.
The office market is characterised by a limited supply, and office space tends to be outdated, since most office premises were built between 1940 and 1970. The lack of new developments along with fast growth rates of office-based occupations are forcing local businesses to look for suitable accommodation elsewhere, and the saturation of the office market in Kingston is indirectly contributing to the rise in popularity of out-of-town locations like the Mole Valley and Epsom.
In an attempt to alleviate the situation, Kingston council has designated Tolworth and Kingston town centre as Key Areas of Change, and will focus its efforts on improving the available floor space to match increasing demand and to cope with the sectoral growth forecast for the admin and business support industries, which are expected grow by over 30 per cent by 2031.
Currently, average rental rates are £20-£25 / square foot for office space in Kingston, and £15-£20 for similar properties in Surbiton. The industrial real estate market is also experiencing under-supply conditions, since South West Greater London is one of the most in-demand locations within Greater London. Average rates for industrial floor space range between £10 and £12 / square foot.
Business in South West Greater London
The local business demography in this part of Greater London is characterised by a higher-than-average percentage of micro-businesses (80 per cent of the total), although areas closer to Richmond are more popular with large businesses and multinationals. Key employers include Sega, Kingston University, the local NHS Trust, DST Global, John Lewis, and Unilever.
In Kingston, retail and wholesale are the largest sources of employment, along with the visitor economy, which is supported by the presence of key tourist attractions like Chessington World of Adventures and Hampton Court Palace. Other important drivers of the economy in South West Greater London are construction, information and communication services, finance, insurance, admin support, healthcare, and social work. In Surbiton, the local business scene is led by companies involved in hospitality, recreation, and retail.
About South West Greater London
South West Greater London is a prosperous urban area located within the boundaries of the borough of Kingston upon Thames and includes parts of neighbouring Richmond. The key commercial districts are Kingston, Teddington, and Surbiton.
Most of South West Greater London is situated within a 12-15 mile radius of central London, and major roads like the M3, M4, A3, and A308 provide quick access to commercial centres south of the River Thames and in the borough of Croydon. The nearest airport is Heathrow, which is approximately 8 miles away from Kingston town centre.
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