Three things defining central London office space at the moment. A shortage of good quality stock, plenty of secondary space sitting empty, and cost have moved up sharply across rent, rates and service charge.
Get in touch with us if you're thinking of finding a new office space
Three numbers shaping the London office market this quarter: availability, refurbishment backlog, and cost.
Put those together and you get a market where timing is key. This week's videos go deeper on two of these topics, and how to overcome them, you can find them on our page
50 million square feet of London office leases expire before 2030. Plenty still treat the office as something to think about once the lease is up. In a market like this, that habit hands all the leverage to the landlord.
Full piece live on our site: https://t.co/FtLiFvBvr0
A client can see an office listed at twenty thousand pounds a month, check it against a budget of two hundred and fifty thousand a year, and the numbers work fine on paper. But then VAT lands on top, and the whole search has to be revised down to account for it.
Had a call last week from a founder who realised their lease breaks in nine months. In a market where many London areas have under 15 months of supply left, this is a difficult position. If your lease end is anywhere on the horizon, the time to start thinking about it is now
It's easy to assume that an agent is looking after both sides of the deal. They're usually not. They act in the landlord's interest, which is how the structure is built to work. Knowing that changes how a tenant should be approaching the conversation.
Are you trying to kickstart your office design project? Our online free Fit Out Calculator has been designed to help you start thinking about a brief, and budget, for your office's fit out works. Try it now: https://t.co/k2F93LwxCU
Not sure if Serviced or Leasehold Offices are right for you? The Morgan Pryce office comparison tool below is designed to help you calculate the average costs in Central London for serviced and leasehold office spaces: https://t.co/47FcesZKO1
Are you planning your office fit out? Why not use our Fit Out Calculator? It's the perfect tool to help plan the brief and establish a potential budget figure. Use the calculator: https://t.co/sI3pX08jcd
The concept of ‘wellbeing’ refers to the way people feel about their lives. Although a person’s sense of wellbeing is informed by character, it can also be affected by many external factors, such as their relationships, social life, and even employment: https://t.co/dUqRzN6lxl
2019 has started strong for Morgan Pryce! So far, we've helped clients in e.g. finance, legal, tech, health and advertising move across Central London. Office move coming up? Call 020 7292 4710 or email [email protected] for a free consultation https://t.co/CVZmZCBQZt
Check out our latest article listing the key things to think of when designing your reception area. Remember: First impression lasts!
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