“When a man is tired of London, he is tired of life,” so the famous saying goes. Indeed, there is nowhere quite like London – both for pleasure seekers and businesses. It has everything: great pubs and nightlife, iconic landmarks, and a buzzing atmosphere.
The only downside is the cost. If you’re visiting the pub, expect to pay £8 for a pint. If you’re renting, expect to go to the corner shop for a beer instead of the pub!
Jokes aside, it goes without saying that the hefty costs make both living and running a business a challenge in the capital. In fact, when it comes to the latter, London office fit out costs are said to be the most expensive in Europe in 2023.
Given that this is the case, in this blog we explore cost saving ideas for companies embarking on a London fit out. While some tips will help to shave costs, others can be considered part of a long-term investment strategy to maximise ROI.
When choosing a contractor for your fit out project, look for one with a track record of working on similar projects. This will help you avoid overspending, as the contractor will have experience managing similar works and budgets.
When you find a contractor with a relevant project portfolio, ask how they met their previous clients’ budget requirements. A good example of how a contractor might meet budget requirements is by suggesting alternative materials or products that still meet the project’s overall objectives. This can help you save money without sacrificing the quality of your project.
Not all companies can afford a state-of-the-art office, but that doesn’t mean you have to settle for a boring or ineffective design. If you can’t go for the maximalist look, go for a minimalist, “less is more” approach.
For example, a neutral canvas can help you capture the essence of your brand without overwhelming the space. You could use neutral finishes, such as whites and greys, on the walls and flooring and add branded elements for a splash of colour. This will create a simple yet stylish office that reflects your brand’s personality.
You could also go for a simple open plan layout with “anchor points” for each department. This means teams can work in the same space but don’t necessarily have to use the same seats, which is ideal for hot-desking or hybrid working.
Check out Coopervision’s office for a simple but effective office design.
To make the most of your furniture, consider investing in multifunctional pieces. Manufacturers have developed many innovative solutions for businesses over the years, including the following:
For more cool ideas, check out some of the furniture from our trip to Clerkenwell Design Week. There was a hybrid that caught our eye, as well as Mobili’s handy “Box” storage/display unit.
If you’re nearing the end of your lease and looking for a new space, consider downsizing to facilitate hybrid working. By allowing employees to work from home some of the time, you can reduce the amount of space you need and make significant savings on rent, utilities, and other overhead costs.
If you feel it is the right time to downsize, make sure you find a London interior design company that has expertise in space planning. This will ensure your space design is comfortable, functional, and suitable for future plans.
Even if hybrid working isn’t for you, it’s still important to think carefully about the kind of space you’re investing in. Some companies even conduct a workplace assessment on their existing office to see how much space they need. Failure to find the right space could prove costly, so it’s important to plan carefully to avoid issues later down the line.
Learn more about workplace assessments here: How AI is Changing the Office Environment
High employee turnover can be costly for businesses. It can lead to lost productivity, increased training costs, and a decrease in morale. So, by creating a workspace that employees love, businesses can reduce attrition rates, save money, and attract talent that will increase revenue.
For these reasons, it’s important to get the office interior design right. Consider how it will meet your employees’ expectations. If you’re on a budget, prioritise the necessities, such as breakout spaces, tea points for refreshments, washrooms, and the main working area.
Furthermore, you can consult your chosen fit out company on products that are durable. Some products, such as metal framed desks and laminate flooring, can withstand a lot of wear and tear and are easier to maintain.
The fact that you’ve read this article suggests that you’re far from tired of London! But with rising costs, it makes sense to scrutinise expenditure and find ways to make your money – and office – work harder.
So, when you sit down to start planning your fit out, remember some of these key points:
By using these as reference points, you’ll be able to make wiser investment decisions that will benefit your employees and bottom line.
At Rap Interiors, our team of experts can help you implement a cost-effective office design that meets your needs. We have a proven track record of helping businesses save money on their fit outs, without sacrificing quality.
If you’re looking to get the most out of your investment for your next office fit out, contact us today. We’ll be happy to discuss your needs and put together a proposal that fits your budget.
To get started, speak to our friendly team on 0333 600 1234 or fill out the form below.