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How much does it cost to rent retail space in London?

How much does it cost to rent retail space in London?

In the second quarter of 2020, the London West End – Bond Street was the most expensive location for prime high street retail rents, with prices reaching over 2,150 British pounds per square foot per year….

Characteristic Q4 2020 Q2 2021
London (City) 260 240
Manchester 220 220
Birmingham 190 180
Cardiff 150 140

What is the average cost of rent for a small business UK?

If you need to rent commercial space, costs vary widely. According to Statista, the cost of renting prime office space in the UK in 2019 was as high as 468 euros (around £416) per square metre per year in Reading and as low as 298 euros (around £265) per square metre in Newcastle.

What is the rent on Bond Street?

London’s New Bond Street comes in third place globally, with rents broadly flat year-on-year at $1,744 (£1,341) per sq ft per year.

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What is the average cost to start a business?

According to the U.S. Small Business Administration, most microbusinesses cost around $3,000 to start, while most home-based franchises cost $2,000 to $5,000. While every type of business has its own financing needs, experts have some tips to help you figure out how much cash you’ll require.

What is a good business to start UK?

60 UK home business ideas for 2021

  • Website consultant. These days it’s rare for a business not to have a website.
  • Upholstery/furniture repair.
  • Medical billing.
  • Herb farming.
  • Voice over.
  • Babysitting.
  • Bed & breakfast.
  • Car cleaning.

What business can I start with 30k UK?

9 franchises you can start with under £30k

  • Start your own Travel Counsellors franchise.
  • Start your own Pyjama Drama franchise.
  • Start your own Go Direct Lettings franchise.
  • Start your own Barrett & Coe franchise.
  • Start your own Voucher Packs franchise.
  • Start your own Coffee-Bike franchise.
  • Start your own Lawnkeeper franchise.