In the fifth and final part of our five part series 'Finding the perfect office space' we discuss how to spot the opportunities to find a space that meets your requirements.
Part 5: How to spot the opportunities.
So now that you have a clearer idea on whether you need a lease or licence arrangement to best suit your needs, you've shortlisted your desired areas to meet your requirements and have a have a broad budget in mind, what next?
Accessing the best possible deals requires the following:
- A thorough understanding of the local market and prevailing market conditions
- The ability to identify and thoroughly investigate all currently available properties both on and off market (ideally through putting a dedicated research & acquisitions team to work!)
- Getting the timing right (especially if you need to find an occupier to replace you in your current premises)
- Negotiating the best possible deal. We have found that on average there are more than 23 areas to negotiate in connection with a typical leasehold arrangement.
Investing in the right help with all of this is therefore crucial.
What's next?
We hope you have found this series useful. Contact us for help finding your perfect office space and location. We have guided many clients through this process, ensuring their interests are kept at the forefront of each decision made and are ready to help you. We service tenant and occupier organisations exclusively and are experts in navigating the challenges that often come with a landlord biased market.
