Q: Is there an option to have a permament space with flexible leases which are not serviced office spaces?

A:

Unfortunately this is very rare indeed. It can happen when the buildings are old and likely to be redeveloped, and the landlord wants the space let in the meantime. However this is unusual. Ideally, a landlord wants office space let for the long term, in order to keep the investment value up. If tenants come and go every 5 minutes, this makes a lot of work for the landlord. Serviced office providers will set up the office space, furnish it and then charge the tenant for the privilege. Permanent space has to be fitted out to suit the occupier - for the occupier to spend that sort of money and then leave after a year would send any accountant into a tailspin!

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Our Experts

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.