Tag Archives: serviced offices london

Top Tips For Leasing A Commercial Property In London

26 Feb

If you have decided that you need to start or relocate your office or business to a new place, London offers the best opportunity as a land of opportunity. However, to find office space London can be an expensive and difficult task. You may still be able to wallow in the abundance of choice of many spaces that you can find.

office space northampton

office space Northampton london

However, negotiating a short or long-term lease is generally complex and requires an individual to take caution and exercise diligence. This can help you avoid getting into a bad deal that will make you lose your money. Truth be told, some property owners or agents will provide you with a long list of requirements or conditions that are difficult to meet. Because of the urgent need to establish your office, you will need to go through these tips to help you find the right commercial property.

The location of your office is a key component that will influence your business. Although London has a good network of roads and railway systems, you can still find yourself renting space that is far from the closest transport link. So, simply focus on the exact place that you would like to have your office. The nature of your business will have much influence on the location of the office space.

The other aspect that correlates with location of the office is the impression created by the building. Different architectural designs give different impressions that have meaning in the business world.  If you prefer a modern look, you can select a building that has been build based on modern designs.

The type of business, for example, antiques businesses may prefer locating their offices in Ladbroke Grove while a business trading in jewellery would like places around Hatton Garden and so forth. Again, the neighbouring locations will have a massive impact on the impression and performance of your office.

While negotiating for the lease of the space, the term and cost of the lease comes as one the key negotiation aspect on your list.  Many tenants are tempted to sign up a lease contract that seems sweet only to be found frustrating in the end. The trick is to avoid over-committing your budget because of the longevity of the lease term.

If you are not well versed with the market situation of the city of London, it is good to liaise with the local real estate agent or broker who can negotiate on your behalf. Here, you need to be careful since the real estate agent is working for the principal (property owner), and so, you may need the help of a real estate lawyer.

It is recommended that small businesses enter a lease contract of one to two years with a provision of renewal if the need arises. It is a normal scenario to have rent increases over the period of the lease. Negotiating with this piece in mind will save you from the inconveniences caused by unexpected rent increases that come without timely notices. If this does not happen, you may compromise the cash flow of your business.

Space To Work: Finding Office Space In London

19 Jan

When it comes to office space, London should be an area that inspires confidence in your clients and productivity in your employees. Moving to a new space can be difficult, of course, even for those who are quite used to making the move. If you want to find a better space, you might want to consider these helpful tips that often escape the notice of even the most seasoned of corporate movers.

office-space-london

Reviewing Access

Access to and from your office space should be a primary concern, especially if you have employees working at all hours of the day. Try to make sure that you understand the security implications of having various workers coming and going from the space, and make sure that you know the security precautions that will be put in place to allow you to keep your employees working on schedule. This might mean asking about building security in some areas or arranging for your own system in others, so make sure that you know what needs to be done before you agree to a lease. Once you have figured out whether or not you feel comfortable with the security situation in your new space, you might want to consider a new factor – whether or not it can fit your growth needs.

Considering Growth

Any good businessperson knows that a good office must be slightly larger than necessary. What many forget, though, is that growth is in terms of not only office machinery and employees but also the ability of the space to keep up with regulations. As your office becomes larger, you may need to install additional employee restrooms or make particular changes to help individuals who are not able.  You should always make sure that your company’s space is large enough either to handle new regulatory necessities or that it has the ability to be expanded in a time of need. Should the space fit, it will soon be time to consider the cost – but you should always be careful to consider whether or not a deal is too good to be true.

The Landlord Offers

While London working space is often at a premium, there are spaces that are rather hard to let.  If an office has sat on the market for a significant period, many proprietors will begin to offer potential tenants any number of enticements to enter into a contract. As a rule, you should always take a moment to consider the nature of the offer versus the space presented. If you look at a lovely space and the landlord is offering a significant rent reduction or promises of special services, you might want to look deeper into the property’s history. Likewise, you should always be careful to make sure that any enticements given are actually written out in the lease — a promise, after all, is only worthwhile if it is in writing.