North London Business bullish in 2008

In the Spring 2008 North London Business Survey local firms report a bullish attitude to business conditions in spite of the current turmoil in the finance sector. 16% of North London businesses report they are actively seeking premises in order to expand their operations within the next 12 months. This is backed up by 59% of North London’s companies developing new products for launch within the next 12 months. This may indicate that the City’s current financial turbulence has yet to filter through to an area of London that continues to make and deliver products. Firms also report that selling to Europe has become easier with the falling pound. With the channel ports only 2 hours away North London is ideally placed between the north of the UK and Europe and many businesses trade into the continent.

As the London Development Agency’s economic development body for North London, part of the free and confidential service includes the provision of a free to use commercial property search. Accessible from www.northlondonbusiness.com or by clicking here users can search for premises by size, area and type obtaining instant results, searchable from the most complete source of premises made up from all of the active property agents operating in North London.

Of the 16% of businesses looking to expand operations in 2008/09, their prime factor in choosing commercial premises is affordability. This is where North London reveals itself as an ideal business location. With road, rail and underground putting North London minutes away from the centre of town but at a fraction of the cost - its no wonder the area is home to some of London’s most innovative and rapidly growing companies.

Gary Ince, Chief Executive of North London Business says “We are continuing to see strong interest in North London with both new and existing companies looking to the area as a location to establish and grow their operations. We consistently receive almost 100 commercial property enquiries per month through our commercial property database, letting us monitor first hand the continued demand and vibrancy for premises. With large developments already underway at Tottenham Hale and Blackhorse Lane, North London is fast becoming a business location of choice for companies wanting fast access to the City, Europe and the UK at affordable prices.”

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