Finding Office Space - how long should the process take?
Finding Office Space
It takes time to find and secure your ideal office space. The process can feel time-consuming and stressful, but with the advice and support from a Commercial Property Agent it will enable you to save time and money by concentrating the search only on those properties which most closely match your office space requirements.
Using a Commercial Property Agent will also give you peace of mind because they will provide impartial, honest advice and negotiate the most advantageous commercial lease terms possible for you.
A Commercial Property Agent will guide you through the process of finding office space and this can be broken down into the following steps:
Defining your office space requirements
What sort of office space is right for your business in terms of location, size, lease length, budget and office specification? Use the Office Space Calculator to work out your approximate size.
Property Search
Your Commercial Property Agent will send you a list of detailed office properties matching your criteria, which can then be refined after you have reviewed the possibilities
Short List of Properties
You will view a selection of office properties and your Commercial Property Agent will negotiate on your behalf with the Landlord's agent to see what deal can be done on each of them. This will help you decide which property to make an offer on.
Negotiating the Office Lease
Negotiating the deal is a crucial part of securing your office space. It will determine what rent you will be paying, whether there is any rent free period and what office lease terms you are committing to. This process can take time and it's advisable to factor this in your moving office timeline.
Once the office lease terms have been agreed it is now the time to handover the office lease to a Property Solicitor who will ensure that all information has been fully documented in the office lease and ensure your company's commercial interests are protected throughout the duration of your tenancy.
For detailed information on the best way to set carry out your Office Space Search Strategy download the Finding Office Space Checklist. Written by industry veterans it is packed full of practical guidance to help you find (and then secure) the right office space for your business.
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