As we discussed while breaking down the costs involved with running London office space, there are several costs to consider aside from rent.
Service charges, usually expressed as a rate per square foot occupied (e.g.. £6.00 per sq ft per annum), are paid to landlords or managing agents for running multi let office buildings.
Common service charge items may include:
- Rubbish Collection
- CCTV
- Lightning Protection
- Pest Control
- Water Rates
- Electricity
- Cleaning Common Parts
- Lift Maintenance
- Telephones (Lift)
- Telephones (Security)
- Health and Safety
- Access Control Systems
- Air-conditioning
- Heating
- Security
- Fire Precautions
- General Maintenance
- Engineering Insurance
- Public Liability Insurance
- Building Management
An additional payment of £0.65 – £0.75 per ft² will be charged for Buildings Insurance.
The service charge elements will be slightly different, dependent upon the building – it depends exactly how they are run.
This is just one piece of the puzzle. We’re constantly answering the most important office search questions. See what else we’ve covered and what’s coming next.
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Ian Kitchener
Ian has advised Central London office occupiers for over 20 years - fighting their corner and making sure they get a great office on the best terms. He has a diverse client following, often working with creative companies.