Find Cheap Office Space In London
To find cheap office space in London is getting easier and easier due to the economic slowdown that seems to be occurring at the moment. Empty offices are building up all over the capital as firms cease to trade or downsize their office space as they downsize their workforce. This has an impact throughout the office supply chain, not only the commercial real estate landlords but the specialised office letting agents also. If you take on the services of a office finder letting agent, it is with all likelihood that you will be able to negotiate very favourable terms, as without placing tenants these agencies cannot bring in the revenue. The first step to finding cheap office space is to decide which area you are interested. Carry out a search on a reputable search engine and select a page or advert to click on. In all likelihood you will go straight through to an office broker who acts as the middleman or agent between you the potential office you will hire. They get a commission for each office they let. It is rare for the person or company who hires the office to pay any commission or charges to the office broker, as usualy it’s the company that owns the office who will pay the broker. Anyway, the office broker generally will provide you with the list of offices they have available to rent to you, within the set amount you require. Here’s where it can get tricky, due to hidden costs. Some big office space chains will try and charge you a moving in fee, usually about the price of one month’s rent. This can usually be negotiated away, sespecially in the current economic climate, so don’t pay it. They are there to service you afterall. You must also enquire as to the other hiden charges that can pile up, telephone connection fees are one example, where the office provider charges you to hire a phone line from them, they try to charge you an admin fee just for them pressing a few buttons to connect you. Other fes to be wary of are cleaning fees. Generally they’re included, but make sure.