What you need to think about when looking for an Office Space London

1. What you need to think about when looking for an Office Space London The cost of renting an Office Space London is the second biggest investment for a lot of companies. Regardless of whether the company is big or small, the amount paid in rent takes a certain chunk out of the business. Most businesses have an issue of paying the rent due to low cash flow. Saving on the amount to be paid in rent will be very important both in the long term and short term. Below are a number of ideas that can be used to to find the ideal space and save money at the same time. Start the procedure early If the lease of the office is about to expire, you need to discuss a new deal before the contract runs out. It's advisable to start the process more than six months before the lease ends. A good bet is twelve to eighteen months before the end of the lease .Usually, big companies start the process a couple of years before the expiration of the current agreement. Avoid leasing more than what you require The space you need now might not be what you require tomorrow. Make sure you lease an office space that's enough and won't cost you lots of money. Look for other ways to cut down the space for the office. This ensures you won't have to worry if the profitof the business reduces. If you aren't sure on the size of the space you need, you should hire planners who will help you. You provide them with the information and they'll be at a better position of advising you properly. Bring in competition into the dynamic of the negotiation One error that numerous tenants make when renewing the lease is not creating aggressive competition from different properties on the market. The landlord will have a leverage over you because she or he knows relocating is going to be a problem in comparison to renewal. If the landlord feels you can leave, he/she will be prepared to hear your offer. Failing to use this

2. technique will force you to continue paying more than what you need to be paying. Figure out what concessions you need the most Although the leasing rate is extremely important, you must consider the concession package. Some of the most popular concessions include; abated rent or parking, build out allowance, relocation or moving allowance etc. They have to be factored in to your evaluation. For startups, paying less rent at the beginning is excellent as it could go a long way in helping capital allocation. Give the renewal option enough thought There are so many people who don't give this attention because they say it would sort itself when the time comes. This will lead to higher lease payments in the future and you end up in a loss of revenue. There are many things that are part of the renewaldeal such as fair market value. The above tips will help you find the very best bundle when you're renewing or leasing a new office space. If you need to obtain more info about our Office Space London service, make sure you call us on 020 7100 7500or go to this link http://occupa.co.uk Copyright @ Occupa Commercial Property Consultants