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.