London is one of the world’s shopping capitals. So it’s little wonder it’s business owners love to set up shop in this honey-trap shopping hotspot. But finding a special shop space can be tricky business — rental costs and rates can put paid to the best laid business plans. With that in mind, here are five prime rental locations where your business can slot in smoothly with local residential housing nearby and succeed.
Brixton is a great Lambeth location where you’ll find everything from delicious Caribbean cuisine to cool clubs and cafes.
If you’re setting up a fashionable firm with an independent spirit then this might be the ideal spot.
Local entrepreneurs have even collaborated to create the Brixton Pound — a local currency syndicate offering free advertising and promotion to members and funding worthwhile community projects.
If you’re setting up shop in the health and wellbeing sector, Islington could provide inspiration.
Businesses like Exercise in the City and Bodyjunkies could be crucial collaborators and Islington Boat Club is the perfect partner if you’re involved in water-sports.
Islington Chamber of Commerce can connect you with local businesses to get a head start on prime locations and possible partnerships.
Ealing is an excellent choice if you want to make your mark amongst local fashion and beauty businesses. It’s a favourite place to live with strong demand from renters and homebuyers.
A location close to Ealing Broadway tube station is perfect for passing trade and puts you close to competitors like Next, Moss Bross and Monsoon.
But if you’re offering fashionistas something a little different at the right price you might capture customers that leave these shops empty-handed.
Knightsbridge and Kensington
You’ll find everything from antiques to designer boutiques in this shopping mecca that’s home to Harrods, Harvey Nichols and Portobello Road Market.
If you’re launching a designer store then the King’s Road in Chelsea suits elegant entrepreneurs.
But The Conran Shop in Kensington has also made this area a wise choice for businesses at the cutting-edge of elegant home design.
Shop rental in Kensington and Knightsbridge allows you to capitalise on diverse passing trade and claim an air of exclusivity.
Hackney is home to a host of cool cafes and quirky retro fashion shops.
And if your business has a creative edge perhaps it can attract the cool customers that swarm to its bespoke boutiques.
LN-CC sells high-end designer clothes as well as books and records, while the E5 Bakehouse produces artisanal bread and chic coffee.
So if this trendy vibe sounds like the perfect fit for your shop you could certainly do worse than this up-and-coming area.
A digital directory like Shop Property can make searching for shops to rent in London a painless process. And networking with local business owners can help you avoid expensive pitfalls and encourage you to choose carefully.
But you’ll have successful shop rental in the bag with these five superb London locations.