Q: Apart from rent, what other conventional office costs to I need to be aware of, and are they negotiable?
Unfortunately, the cost of renting conventional office space in London includes the following: Rent, Business Rates, Service Charges, Dilapidations, Covenant, Rent Deposit, Solicitors, Fit-Out, IT and Telecoms, Removals. All costs are negotiable (except business rates, and even they can be challenged through an appeal process).
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Michael Fraser
Michael - founding partner of Find a London Office - started in the London property market in 1970. Michael has developed extensive knowledge of the locations, the owners, the rental values, and - most importantly - has developed very solid contacts with the other agents working in the hub of the conventional office market, giving him a considerable advantage both sourcing office space, and negotiating the best possible terms for the tenant.
Jonathan Weinbrenn
Jonathan is the Director of SOS > Search Office Space, the UK’s first serviced office brokerage. His core business is this acquisition and disposal of flexible office solutions for corporate and SME clients. Typically he sources fully serviced, plug and play solutions for corporate tenants and government bodies and departments looking to avoid CAPEX, FRI obligations and dilapidations.
