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[C493]Cheap Office Space London

by Shivani Gurtu-louth, Shi

Non-serviced office space is likely to be beneficial for a company whose predictions for the business's growth are reasonably assured. A non-serviced lease may incur high initial outgoings, but the monthly outgoings are more likely to offer substantial savings. Other advantages that should be taken into consideration are factors such as having more favourable lease terms. For example, commercial, non-serviced leases give the tenant the right to remain in the building indefinitely in the majority of circumstances.

In addition, the pricing of the property and the associated costs is fairly clear. These leases also give tenants the bonus of being able to personalize the space to suit the needs of their business and staff; this was a factor cited by 82% of employees as the one most likely to impact upon their personal productivity. There is also a greater selection of styles and locations to choose from, when it comes to finding non-serviced offices.

For certain companies, a non-serviced office space in London is obviously a benefit, but what is the easiest way to find one?

The answer is to follow the lead set by major corporations over the last four years and hire the services of a commercial property agent. Their remit is to help you find the best space for your needs at the right price. If possible look for an agent exclusively representing tenants rather than a landlord's agent. Like a traditional estate agent, a commercial property agent works for you and as such will negotiate far harder to achieve the result you want.

Using their industry knowledge, tenant's agents can source and research potential commercial office space on a company's behalf, drawing up a short-list for examination. This short-list will usually adhere to certain requirements stipulated by the company representative overseeing the move. It is important to consider the location and style of the new office space, as this impacts both employees and the business itself; the address of a business can create a positive or negative impression on a potential client.

With commercial developments constantly reaching completion right across the capital, it is important to have someone with a good working knowledge of what is available and where. Currently there is an estimated 13.7 million square feet of commercial office space for rent in London. Employing someone to do the leg-work on your company's behalf not only allows you to continue to run your business effectively and without distraction, it also buys you important time to complete the process whilst saving your business money.

Using a commercial property agent can save time, money and stress and help a commercial relocation be completed with minimal disruption to all involved.

For interviews, quotes, images or comments contact:
Shivani Gurtu-Louth
Devono Operations Manager
Tel(DDI): +44 (0)20 7096 9911
E-mail: sg@devono.com
Main Website: www.devono.com

While location, location, location is always going to be the mantra when it comes to finding residential property ? and may still be a significant factor in choosing commercial office space in London, depending on your sector and your particular needs ? there may be another more important choice to make before you decide exactly where you're going to move to: should I rent a serviced office space or a conventional leasehold commercial property in London?

Each has its benefits and its drawbacks. However, the following key factors should help you decide:

1. Flexibility of contract

There is no real question that serviced office space is more flexible in terms of your financial commitment ? contracts tend to be extremely short and can be terminated with little or even no notice. A standard leasehold agreement for a conventional commercial office space in London would be for 5 years with a break in the 3rd year so represents a far more long-term commitment. However the flexibility of serviced offices comes at a premium and generally you would pay much more compared to a conventional space.

2. Flexibility of space

While contracts are flexible with a serviced office, your use of the space will not be and it is likely that, not only will you have to abide by regulations when using the space, but you will also be unable to redecorate or personalize the space to suit your business needs. That said, you can upgrade or downgrade as required ? so if the physical nature of your business changes you can adapt quickly and easily.

Conventional commercial office space provides a much more bespoke environment for your office ? you can redecorate, refurbish and redesign the space totally according to your needs: for customer-facing and cutting-edge industries such as design agencies, media companies or architects for example may require a more flexible space that reflects their business more effectively, provides a showcase for their services and an attractive place to bring clients. Of course, such a space will mean a certain loss of flexibility in terms of ability to expand or contract at will and therefore will suit well-established, essentially predictable businesses better than new, uncertain or rapidly changing businesses.

3. Price

For most businesses, the bottom line with office space is going to be cost and, while serviced offices offer a great deal of flexibility they are not a cost effective way of housing your business in the long-term. A conventional office space in London, particularly if you have sourced it through a company who can aggressively negotiate rents on your behalf (rather than a commercial estate agent who represents his clients interests first and foremost) will virtually always make the most commercial sense for an established business.

Article Source : How Much Space Does Vista Take

Shivani Gurtu-louth has sinced written about articles on various topics from Office Space, Property Agents and Property Investment. Shivani Gurtu-Louth - Operations Manager of Devono Property Limited. Devono are the only in London to exclusively represent tenants looking for offi. Shivani Gurtu-louth's top article generates over 18100 views. to your Favourites.