Searching for office space involves browsing through agent’s particulars and property details. You get an idea about the space and how it looks, but what about all of the costs and how it compares with alternative options ? This is what we do differently. We analyse the particulars and make comparisons. We look at all costs and how this relates to the occupier.This helps the occupier make an informed choice when deciding upon which enquiry to pursue.We will look at comparable rents as standard and compare with your current lease arrangement including any proposed offers if your lease is up for renewal. However, your building might be expensive to run when compared with comparable premises in other buildings. We feel that this should be reflected in the rent that you are begin asked to pay. Moreover, the premises that you currently occupy might suffer from a poor layout. This could be attributed to the geometry of the space or access to the premises. We don’t think that the occupier should foot the bill for renting awkward or inefficient premises and these considerations should also be taken into account when considering the rental evidence. Many aspects to do with the office space do get discussed at rent review and form part of the semantics and posturing that takes place between surveyors. However, leases are getting shorter and often have periods of less than 5 years. Indeed, some are not Landlord & Tenant Act protected, where the tenant has opted out. This means that new rents are negotiated at the end of the term and are not necessarily subjected to the same level of rigour that would have applied under the rent review process. It is therefore important to capture these arguments at lease renewal or whenever the occupier is contemplating new and alternative office spaces. This is what we do ! The expansion and proliferation of flexible spaces offer a further comparison for occupiers looking for alternative options for office space. Our analysis tools enable us to make direct meaningful comparisons between traditional leasing and flexible office spaces. We believe that these comparisons should be reflected in lease negotiations if Landlord’s are keen to retain their occupiers and wish to preserve their rental income.
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Example of a Rent Comparison
Rent Comparison
Searching for office space involves browsing through agent’s particulars and property details. You get an idea about the space and how it looks, but what about all of the costs and how it compares with alternative options ? This is what we do differently. We analyse the particulars and make comparisons. We look at all costs and how this relates to the occupier.This helps the occupier make an informed choice when deciding upon which enquiry to pursue.We will look at comparable rents as standard and compare with your current lease arrangement including any proposed offers if your lease is up for renewal. However, your building might be expensive to run when compared with comparable premises in other buildings. We feel that this should be reflected in the rent that you are begin asked to pay. Moreover, the premises that you currently occupy might suffer from a poor layout. This could be attributed to the geometry of the space or access to the premises. We don’t think that the occupier should foot the bill for renting awkward or inefficient premises and these considerations should also be taken into account when considering the rental evidence. Many aspects to do with the office space do get discussed at rent review and form part of the semantics and posturing that takes place between surveyors. However, leases are getting shorter and often have periods of less than 5 years. Indeed, some are not Landlord & Tenant Act protected, where the tenant has opted out. This means that new rents are negotiated at the end of the term and are not necessarily subjected to the same level of rigour that would have applied under the rent review process. It is therefore important to capture these arguments at lease renewal or whenever the occupier is contemplating new and alternative office spaces. This is what we do ! The expansion and proliferation of flexible spaces offer a further comparison for occupiers looking for alternative options for office space. Our analysis tools enable us to make direct meaningful comparisons between traditional leasing and flexible office spaces. We believe that these comparisons should be reflected in lease negotiations if Landlord’s are keen to retain their occupiers and wish to preserve their rental income.