We recently moved into a new HQ, and will be seeing some of you at our welcome party this evening!
It’s amazing to be in our shiny new home, but moving hasn’t been an easy process! Our people operations manager @Bethtoms led the move, and for any other startups approaching their own office move, she’s shared what we learnt during the process.
And cluster effect. @chrisjk Think the City of London for banking, legal and accountancy. The value in having these services in such close proximity is considered to exceed the costs associated with the physical location.
The same applies to Monzo. The location, symbolically is actually quite interesting, almost like a metaphorical and physical bridge between technology (Old Street roundabout) and finance (Broadgate). There’s also something genius in Monzo occupying the former Bloomberg offices, another platform that transformed a space.
Apologies, in a rush earlier. But to further answer your question @Feathers addresses being appropriate for certain purposes is a pretty well established concept I thought. For business, inviduals and landlords.
It’s as unlikely Poundland would open on Mount Street as it is for Harry Winston to open up shop at Ridley Road Market. Projection of intent/brand/values, proximity to your market, costs, access and a host of other factors come into play when assessesing appropriate addresses for a particular business activity.
A good example of this are the higher costs associated with prestigious addresses when using remote mailboxes. An address on the Edgware Road doesn’t cost as much as an address on St James’s Square for example.