Move Office or Renew Lease?
Now is the time to review business and property strategies and take advantage of current office market conditions...
Most UK office market experts are agreed that, with the economy showing signs of recovery, office costs are likely to increase towards the end of 2010 and into 2011.
Smart companies are, therefore, taking the opportunity NOW of reviewing their business and property strategies and taking advantage of the current office market conditions. The 2 basic options that are presented to UK businesses are:
- should we stay put in our existing office and renew our lease on favourable terms?
- should we take advantage of this window of opportunity to move office into better, cheaper and more appropriate office space?
Whether you move office or not, we strongly recommend that a marketplace analysis should be done prior to you making any decision. It will provide clarity, may reveal better options and will, at the least, give you the necessary facts and information for any discussions on lease renewal with your existing landlord.
Key questions to consider:
- should we move office or renew existing lease?
- what are our options?
- what are the current office rent, rates and service charge costs in my area?
- what office properties are on the market that might better suit our needs?
- what are the £-numbers with regards to renewing lease or moving office?
An experienced Commercial Property Agent can help you look at your business and property strategies in order to assess the options available and discuss which will be the most appropriate for you.
Help Moving Office connects you to independently sourced and screened Commercial Property Agents that specialise in working with office occupiers in your area – on a free and no-obligation basis.
