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Finding Serviced Offices in London

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Finding Serviced Offices in London By Shivani Gurtu-Louth

Serviced office space in London is always at a premium, with any business wanting a prestigious location from which to carry out their activities. Rather than taking a ‘hit and miss’ approach to searching for serviced office space, it is more time effective to talk to commercial estate agents. London has a select number of capable agents who understand the needs of businesses and can advise you and guide you through the minefield of commercial property. A good commercial property agent will understand not only the needs of your business, but what kind of an environment would best suit your requirements and those of your staff. Serviced office space doesn’t just mean on-site cleaners and security. It can also include vital services such as on-site IT support, telecommunications, storage and environmental disposal. This may push the budget up initially, but the advantages of having all of these services under one roof and at your immediate disposal, not to mention the flexibility of leases available from serviced offices cannot be underestimated. By choosing serviced office space you are saving your business that vital element of time, leaving you free to concentrate on building your business empire. Businesses move for a range of reasons, and commercial estate agents are fully aware of the general criteria that each move involves. If a business is expanding then their requirements will be different from those of a business that may be downsizing. In this aspect, budget is particularly important and a qualified and experienced agent will understand the restrictions that a limited budget will put in place and work within those guidelines. There are currently plenty of opportunities for businesses to move into serviced office space in London, so there are locations (even in what were previously considered the more expensive areas of London) that can accommodate almost any size of business. Location is still a key factor when choosing a new business address, not only for the prestige of the business but also for the ease and convenience of the staff. A central London address gives businesses a certain amount of kudos in the business world, and although serviced office space in these areas is still highly sought after there are some bargains to be found. An experienced commercial estate agent will have access to some of these bargains, and can include them in the final shortlist presented to the client. Using commercial estate agents in London cuts out the time you spend on your serviced property search. A good agent will be able to draw up a short-list of properties for you to review that meet all of
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your criteria. At the moment, it’s a buyer’s market and an agent will be able to tell you just how much room for negotiation there is, again saving you both time and money. Once a property has been selected, an agent can then put together a business relocation package that includes a breakdown of costs, suppliers, ancillary services and a schedule that will mean minimum disruption to the day to day running of your business. Moving a business can be a stressful time for managers, so employing the services of commercial estate agents in London with extensive experience of relocating an operating business removes some of the burden of the upheaval.

Shivani Gurtu-Louth - Operations Manager of Devono Property Limited. Devono ( http://www.devono.com) are the only commercial estate agents in London to exclusively represent tenants looking for office space and commercial property in London. We can also help you find serviced offices in London. For interviews, quotes, images or comments contact: Shivani Gurtu-Louth Devono Operations Manager Tel(DDI): +44 (0)20 7096 9911 E-mail:  sg@devono.com

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Serviced Office Space vs Conventional: Which London Office Space Is Best For You? By Shivani Gurtu-Louth

Upsizing or downsizing, establishing a second or even third office, relocating to a more prestige location or simply finding somewhere that is more affordable in uncertain times – these are many of the reasons that you may be looking for a new office space in London. While location, location, location is always going to be the mantra when it comes to finding residential property – and may still be a significant factor in choosing commercial office space in London, depending on your sector and your particular needs – there may be another more important choice to make before you decide exactly where you’re going to move to: should I rent a serviced office space or a conventional leasehold commercial property in London? Each has its benefits and its drawbacks. However, the following key factors should help you decide: 1. Flexibility of contract There is no real question that serviced office space is more flexible in terms of your financial commitment – contracts tend to be extremely short and can be terminated with little or even no notice. A standard leasehold agreement for a conventional commercial office space in London would be for 5 years with a break in the 3rd year so represents a far more long-term commitment. However the flexibility of serviced offices comes at a premium and generally you would pay much more compared to a conventional space. 2. Flexibility of space While contracts are flexible with a serviced office, your use of the space will not be and it is likely that, not only will you have to abide by regulations when using the space, but you will also be unable to redecorate or personalize the space to suit your business needs. That said, you can upgrade or downgrade as required – so if the physical nature of your business changes you can adapt quickly and easily. Conventional commercial office space provides a much more bespoke environment for your office – you can redecorate, refurbish and redesign the space totally according to your needs: for customer-facing and cutting-edge industries such as design agencies, media companies or architects for example may require a more flexible space that reflects their business more effectively, provides a showcase for their services and an attractive place to bring clients. Of course, such a space will mean a certain loss of flexibility in terms of ability to expand or contract at will and therefore will suit well-established, essentially predictable businesses better than new, uncertain or rapidly changing businesses. 3. Price For most businesses, the bottom line with office space is going to be cost and, while serviced offices offer a great deal of flexibility they are not a cost effective way of housing your business in the long-term. A conventional office space in London, particularly if you have sourced it through a company who can aggressively negotiate rents on your behalf (rather than a commercial estate agent who

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represents his clients interests first and foremost) will virtually always make the most commercial sense for an established business. Shivani Gurtu-Louth - Operations Manager of Devono Property Limited (http://www.devono.com). Devono are the only commercial property agents in London to exclusively represent tenants looking for office space in London to rent. Our aim is to secure the best commercial property at the best price.

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