Location Location Location… isn’t Everything When Dealing With London Office Space

Keeping an open mind when searching for a London office space can pay dividends. The cost per square foot varies tremendously, but rather than explain the intricacies, this story should clarify:

Afex are a vibrant and growing company that were based in St James’s, London. They are a leading specialist in foreign currency exchange. Their success brought forward a need for expansion. They needed to triple the size of their office space but wished to stay in St. James’s.

Afex decided to consult with FindaLondonOffice and we promptly identified several options with this location in mind. We inspected 10 office spaces with Afex but only a handful were even potentially suitable.

We sought to learn more about their operational requirements as well as physical ones. Our feeling was that the most suitable building for our client was actually near Victoria Station and not in St. James’s. Upon inspection, Afex agreed and a deal was negotiated that ended up being significantly cheaper than St. James’s.

Afex were very pleased that we managed to use both our property and market knowledge to find them a more suitable building at a lower cost than anticipated, despite it being outside their original specifications. Using one’s initiative can make all the difference when dealing with commercial property, and in a field where the costs involved are both substantial and long term, one cannot afford not to.

We provided peripheral advice regarding leases, fitouts and other aspects of the office market, that Afex felt was very valuable. We were pleased to hear that they would use us again.

It is always very pleasing to receive such positive feedback from a client. We pride ourselves on providing a service that fully utilises our knowledge to benefit our clients in every way we can, especially by saving the client a great deal of time.

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About Michael Fraser

As a long term player in this sophisticated market, Michael has built up extensive knowledge of the locations, the owners, the rental values, and possibly most importantly, has developed very solid contacts with the other agents or brokers working in the hub of the office market, which gives him a a considerable advantage when both trying to source suitable office space and also when trying to negotiate the best possible terms for the end user.

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