Finding office space made easier by improved office market
Signs of improvement within the commercial office market is driving investor confidence, giving companies more choice when looking for office space.
After a difficult time, the commercial property market is starting to show signs of perking up with investor confidence gradually returning.
Over 2010 the value of commercial property in the UK has returned 15.1 per cent with 6.4 per cent of this coming from rental income. Long leases averaging 10 to 25 years are often the choice arrangements for businesses moving office and these can help to bolster the commercial property market by providing opportunities for long term income. Property Agent James Wallace believes that long term office leases are key to the recovery of the commercial property market. He commented: “The focus for investors is now very much on lease length and the corporate strength and creditworthiness of the tenants.”
If your business is thinking of moving to an office on a long term lease it is essential that you discuss your plans with a Commercial Property Agent and see what office lease terms are suitable for your company. Such a move for your company represents a considerable financial tie, so it is important to insist that the office lease terms reflect your best interests. But the upturn in the office market means that investment in the commercial property sector will lead to more opportunities for businesses seeking office space. New offices are more likely to become available as the result of UK office space investment, providing companies moving office with a better array of potential office space than previously.
Get in touch with expert property consultants by browsing Help Moving Office’s search page and find the most suitable office space to move your business forward.
