Office Space in Norwich

Why Choose Office Space in Norwich? A City of Opportunity

Norwich, a city steeped in history and brimming with creativity, is experiencing a resurgence as a thriving
business hub. Increasingly, businesses are recognising the unique advantages of establishing a presence in this
East Anglian gem. From its excellent transport links and growing talent pool to its competitive cost of living
compared to London and other major cities, Norwich is attracting a diverse range of companies. If you’re
considering relocating or setting up your business, finding the right office space in Norwich is a crucial step.
This article explores the compelling reasons why Norwich should be on your radar and offers valuable insights
into navigating the local office market.

Connectivity and Accessibility: Linking East Anglia

Norwich’s strategic location in the heart of East Anglia provides excellent connectivity to London and other key
business centres. While not as close to London as some other cities, Norwich benefits from good road links via
the A11 and A47, connecting to the national motorway network. Norwich train station offers regular and direct
services to London Liverpool Street, with journey times of around two hours, making commuting and client
meetings feasible. The presence of Norwich Airport also provides convenient access to domestic and
international destinations. This connectivity, combined with a more relaxed pace of life, makes office space in
Norwich particularly appealing for businesses seeking a balance between accessibility and affordability.

A Growing Economy and Skilled Workforce: Nurturing Talent

Norwich boasts a diverse and expanding economy, with key sectors including technology, finance, insurance,
creative industries, and tourism. The presence of the University of East Anglia and Norwich University of the
Arts contributes to a vibrant and skilled workforce, providing businesses with access to a talented pool of
graduates and experienced professionals. This dynamic environment fosters innovation and collaboration,
making office space in Norwich an attractive proposition for businesses looking to grow and thrive.

Cost-Effective Office Solutions: Leased vs. Serviced – Making the Right Choice

When searching for office space in Norwich, businesses typically encounter two primary options: leased offices
and serviced offices. Understanding the differences in cost and flexibility is essential for making an informed
decision.

• Leased Offices: Traditional lease agreements offer businesses greater control over their workspace and branding. However, they typically involve higher upfront costs, including deposits, legal fees, and fit-out expenses. Lease terms are usually longer, typically ranging from three to five years or more, providing stability but potentially limiting flexibility. Monthly rental costs for leased office space in Norwich can vary considerably depending on size, location, and condition. Expect to pay anywhere from £7-£18 per square foot per annum, excluding business rates and service charges.
• Serviced Offices: Serviced offices offer a more flexible and all-inclusive solution. These offices come fully furnished and equipped, with amenities such as meeting rooms, administrative support, and IT infrastructure often included in the monthly fee. Serviced office agreements are typically more flexible, with shorter lease terms available, making them ideal for startups, SMEs, and businesses seeking agile workspace solutions. While the per-square-foot cost might be higher than leased offices, serviced offices can often be more cost-effective when factoring in all the included services. Expect to pay from £180-£450 per desk per month, depending on location, size and provider.

Estimated Office Costs in Norwich (Illustrative Examples):

• Small Business (5-10 employees):
  • Leased Office (1,000 sq ft): £7,000 – £18,000 per annum (rent) + business rates + service charge + fit-out costs.
  • Serviced Office (5-10 desks): £900 – £4,500 per month (all-inclusive).
• Medium-Sized Business (20-30 employees):
  • Leased Office (3,000 sq ft): £21,000 – £54,000 per annum (rent) + business rates + service
    charge + fit-out costs.
  • Serviced Office (20-30 desks): £3,600 – £13,500 per month (all-inclusive).
• Large Business (50+ employees):
  • Leased Office (5,000+ sq ft): £35,000+ per annum (rent) + business rates + service charge +
    fit-out costs.
  • Serviced Office (50+ desks): £9,000+ per month (all-inclusive)

Note: These figures are illustrative and can fluctuate based on specific requirements and market conditions.
Thorough research and obtaining quotes from multiple providers are essential for accurate pricing information.

Why Norwich Makes Sense for Your Business:

Beyond the cost advantages, Norwich offers a unique blend of historical charm and modern amenities. The city
boasts a thriving cultural scene, with a growing number of restaurants, bars, and shops, contributing to a
desirable work-life balance for employees. Norwich is also a designated UNESCO City of Literature,
highlighting its rich cultural heritage.

Finding the Right Office Space in Norwich:

Navigating the Norwich office market can be complex. Engaging a local commercial property agent can be
invaluable in identifying suitable properties, negotiating lease terms, and ensuring a smooth transition. Online
property portals and business directories can also be useful resources in your search for office space in Norwich.

Conclusion:

Choosing the right office space is a critical decision for any business. Norwich offers a compelling combination
of affordability, connectivity, and a growing business environment. Whether you’re a startup, SME, or large
corporation, exploring office space in Norwich could be the key to your business’s future success. By carefully
considering your needs and exploring the available options, you can find the perfect workspace to support your
growth and achieve your business objectives.