It’s a truism to say property is expensive in London. And the latest victim of rising prices is – ironically enough – real estate search engine Nestoria, which is moving out of its current home “because the building is to be renovated and turned into luxury flats.” However, despite the nostalgia associated with “little quirks like the window that never closed, the stolen furniture…” I’m sure they won’t really miss the “lack of heat in mid-winter” and the “the mice, meeting rooms with doors that won’t shut, the mysterious corridors that lead nowhere, the occasional ear drum shredding alarm.” However, it’s not out to the sticks just yet as they will be staying near Covent Garden and Holborn.
As a recent visitor to Moo’s brightly-lit offices in Clerkenwell, I can confirm that not everyone has to make do with bad facilities – but then not every startup has backing from Index Ventures. Meanwhile, some startups like to stay ‘virtual’. Crowdstorm (privately backed still) completely dumped their offices in Waterloo last year and started meeting in a London club and coffee shops (actually, that doesn’t sound to bad), while plenty of others just do the coffee shop thing. Let us know what you think of the whole property game viz. your startup…