Despite these uncertain times, companies and businesses do still manage to grow and expand. Often, this can mean the office space that a business inhabits can become insufficient, due to the procurement of more staff and equipment. Thanks to the current economic climate, the market is working in favour of those who need new office premises. Sectors across the board are making staff cutbacks and there are many proposed office constructions that now do not have the usual waiting lists in attendance. The result is that supply is far outweighing demand and landlords are reducing their rents.
Whilst this is good news for those looking to relocate, either from outside the capital or to another area within London, it does bring with it its own considerations, namely, how to get the best from the market during the economic downturn.
Those businesses that have decided to undertake relocation themselves have discovered that it is not as simple as it first seems. Selecting the right commercial property in London from the widening variety of options available can be confusing in itself and the legal intricacies involved can be baffling. Money – which is of even more importance in this ‘credit crunch’ situation – can easily be wasted.
Commercial estate agents in London offer a convenient solution to these and other problems associated with office relocation.
Given that their business is conducted within the ebb and flow of the market place, a London commercial property search agent will have a good idea of where the best offices are to be found. After an initial consultation, in which they can ascertain exactly what it is that your company will require from a new office space, they can then refer to their property lists to see which meet the right criteria. This research should also take into account your business needs beyond the confines of the office, including proximity to suppliers, utilities and transport links both for your staff and the services or products you provide.
General and local knowledge of the capital is of primary importance, especially if you are unfamiliar with its regions. What may look desirable on the surface may prove to be situated in an area that is due to undergo renovation works or be in a location that is suffering at the hands of the recession. A good commercial search agent in London should have an intricate working knowledge of these factors.
With regards to your budget, a London commercial property agent will work within your parameters. As they are independent, they will have no loyalty to the landlords and can negotiate the most favourable terms on your behalf. They have even more leverage in what is fast becoming a tenant’s market. In practical terms, a search agent will help you to fix your relocation budget, using their skills and expertise in this field, and stick to it. Again, local knowledge can prove invaluable as they can use local firms to facilitate the move and even put your company in touch with new suppliers, which can save on future bills.
In the current financial landscape, using your money and resources wisely is crucial to a company’s profitability. Using a commercial estate agent in London can help you maximise on opportunities that may appear daunting without the benefits of professional advice and ultimately save your business time and money.
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
Author Resource:-
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 commercial property and office rental in London. We can also help you find serviced offices in London.
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