+ All Categories
Home > Real Estate > Sos guide uk

Sos guide uk

Date post: 14-Sep-2014
Category:
View: 292 times
Download: 1 times
Share this document with a friend
Description:
 
Popular Tags:
22
FREEPHONE: 0800 327 7347 Email: sales@searchofficespace.com Web: www.searchofficespace.com 7 Vital Keys No One Should Miss When Renting Office Space in 2011
Transcript
Page 1: Sos guide uk

FREEPHONE: 0800 327 7347Email: [email protected]: www.searchofficespace.com

7 Vital KeysNo One Should Miss When Renting Office Space in 2011

Page 2: Sos guide uk

The advice in this guide is priceless… It’s based on our 16 years of experience providing offices for companies like

…and thousands of fantastic smaller companies.In fact, we’ve been doing this longer than anyone else (since 1993).

If you’re too busy to read it all, don’t worry! Here’s an easy alternative: we will do all the work for you—100% free.

We search the whole UK market, and we are passionate about how to get you the best office deals. At the moment, because of our size, we can get up to 40% off as well as one month free for some offices, and you won’t have to lift a finger.

The quickest way to find out is to call us now free on

FREEPHONE 0800 327 7347(or +44 (0)20 8909 5222 from outside the UK).

FREEPHONE: 0800 327 7347Email: [email protected]: www.searchofficespace.com

Page 3: Sos guide uk

Learn what FRI is and why it can be a nightmare if you don’t understand it. FRI – what a Full Repairing and Insuring Lease really means?

Did you know when you take an FRI (full repairing and insuring) lease on office space you are taking on responsibility not just for your office space but also your fair share of the “FULL” upkeep and maintenance of the entire building?

1FREEPHONE: 0800 327 7347Email: [email protected]: www.searchofficespace.com

You’ll also pay for roof replacement (again despite being on the ground floor).

As if that’s not enough your liabilities do not end on the day that your leave the office either. If your lease expires or you assign the lease to another company (as long as you receive landlord’s consent to do so which cannot unreasonably be withheld), you will still be required to make payments for these items, because the calculations are made well after the year end, and the year end may be several months after you have vacated

So on top of your rent bills to the landlord, rates payments to the local authority and the standard (“ordinary”) service charge bills covering electricity, buildings insurance, cleaning (not of your office space but just the cleaning of the building common parts i.e. hallways, staircases, WC’s), you will also have to pay your share of “extraordinary” expenses that the landlord has incurred when “REPAIRING” the building.

Examples include when the façade of the building is being cleaned/repaired, or repair or replacements to the lift (no discount because you are on the ground floor!) or redecorating the common parts of the building.

Page 4: Sos guide uk

These charges are paid for by the tenants in two ways…

We love serviced office space as an alternative because...

One Easy Monthly Fee covers everything - no hidden costs

No nasty financial (FRI) shocks from sudden repair bills etc... ever!

Walk away when you decide to leave - no extra repair bills follow you

FREEPHONE 0800 327 7347 for live assistance

FREEPHONE: 0800 327 7347Email: [email protected]: www.searchofficespace.com

1) By way of additional service charge payments. The service charge is an estimated cost that the landlord makes at the start of the year. At the end of the year, the landlord/managing agent totals up all the expenses, then adds on a management fee (usually 5% sometimes more) and then sends out additional invoices to the tenants that covers the extraordinary expenditure ie those costs that are over and above the estimated.

2) The other way of covering these costs is by way of a sinking fund. Essentially this is a bit like paying a regular amount into a savings policy for a rainy day. That way at the end of the year, the funds in the sinking fund are used to cover these expenses (but if there is not enough in it then you will have to pay your fair share to top it up).

This is the nightmare we referred to, because it can quite literally drain your cash flow – after all you did sign the lease which does entitle your landlord to be reimbursed for these extraordinary costs.

So is there a better alternative?

Of course...

In full serviced office space, the operator does not look to recover extraordinary expenses from the tenants. The serviced office operator simply pays it themselves. This is obviously a major benefit to the tenants but it is not something that is widely known about or talked about.

Page 5: Sos guide uk

2Which Business Centres can you trust & why are we even qualified to talk on this?.

Well, we were established in 1993 and it’s fair to say that we’ve dealt with every serviced office operator you’re ever likely to come across – so we really do know their inside story.

FREEPHONE: 0800 327 7347Email: [email protected]: www.searchofficespace.com

And that means you never need to place yourself in a position of embarrassment in a board meeting having to explain why you made a decision to sign a lease on an office that then goes on to cause nothing but trouble to your bosses and accountants.

Better still you can win yourself some brownie points instead by demonstrating your knowledge of your landlord or business centre – because they’ve all been vetted by us and you already know they have a proven track record of excellence. It’s why clients like BT, Nokia Siemens, Intel, Apple, Farmers Insurance and Wells Fargo, trust us too, because they can’t afford to get it wrong.

Without independent, impartial expert advice, finding the right serviced office to suit your needs can be very complex. That’s one of the reasons SOS was established in the first place, way back in 1993.

At the time there was not one single commercial real estate consultancy that purely specialised in the business centre/serviced office market.

We were the first – and we still are!

Back then however there was nowhere for tenants to go to get advice on which business centre was best for them and like anything else in life, they come in all shapes and sizes, with varying degrees of amenities and features, so choosing was a complicated decision.

Page 6: Sos guide uk

Others have since tried to duplicate our model, but you cannot duplicate experience and over the past 16 years we have visited hundreds of business centres all over the country and worldwide – this depth of knowledge is what enables us to give you firsthand experience and feedback. We are, if you like, the “Trip Advisor” of our industry.

And the good news is since 1993 we have built exceptional relationships with all the various different groups of business centre operators, not just some of them, but ALL of them. In total there are more than 1500 in the UK alone, 3000 in USA and several thousand more throughout the world. This means...with SOS you can be assured you are totally informed and educated about ALL the alternatives, especially before you sign on that dotted line.

FREEPHONE: 0800 327 7347Email: [email protected]: www.searchofficespace.com

Class A Facilities, Class B, modern, traditional, contemporary, cheap and cheerful, highly prestigious, you name it, we list it. So don’t plough through a random selection, we will select a customised short list for you. This gives you the peace of mind that when you commit you have done so with the benefit of knowing that you have checked every possible office available at the price and terms you want in the current market. Best, of all we’ll have done the hard work for you.

Does business centre availability fluctuate? Yes, but not so much in the way you might expect. You can compare the business centre market with the hotel industry. If you search for a hotel in London or New York, the actual list will often contain similar listings from one month to the next.

However what does change on a daily basis (just like in hotels) is the availability within each business centre. And this is why it is so important to talk to us about any particular properties you are interested in. We have real-time knowledge of today’s and tomorrow’s availability and that can mean you can get deals on offices that are not even listed yet... or at rates far cheaper than others even know about.

Page 7: Sos guide uk

We know about tomorrow’s availability because the business centre owners keep us in the “availability” loop and we are constantly talking to them about our clients requirements. It’s worth noting that if your exact configuration needs are not currently available, some operators will create your bespoke office for you - speak to one of our consultants for more information about this.

So why is our long relationship with the Business Centres and Landlords good for you?

It’s simple...

We love helping people find serviced office space because...

We’ve been doing it longer than anyone else - since 1993

We have the best relationships with the business centres - we negotiate for you

Because of our relationships we get the best deals - like up to 40% off just now

FREEPHONE 0800 327 7347 for live assistance

FREEPHONE: 0800 327 7347Email: [email protected]: www.searchofficespace.com

Not only do we know buildings well, but we also know the sales managers within them. Our warm relations with the sales managers are good for you because we know where all the deals are and which properties have special offers. Now you may think that in this economic climate there are deals available everywhere.

Well…. there are deals, and there are DEALS.

We know where to find them because the sales managers offering them are constantly reminding us. And we are proud to say that many of these deals are exclusively available to clients of SOS, and this is great news for you.

Page 8: Sos guide uk

3Never EVER DO THIS - Do you know why you should never calculate your office space requirements in square feet or square metres? Getting this wrong is surprisingly easy and can be quite costly in certain cases.

FREEPHONE: 0800 327 7347Email: [email protected]: www.searchofficespace.com

Why? Because in a serviced office, you only pay for what you use, all the other areas you have to pay rent for in a conventional office, such as corridors, IT rooms, breakout/Internet areas, etc are in essence FREE - but only if you rent a fully serviced office .

That’s right, all these extras are included in your rental so why bother paying rent all year round for a meeting room that for example you may only use once a week? It’s far more cost effective to pay-as-you-go instead – because with a serviced office space you can simply book a meeting room when you really need it and not have to pay for it at other times.

If only we had a pound for every time a client who called us saying “I am looking for 1000 square feet”? When we ask how many people or desks (workstations) they are looking for, they will often reply 3 or 4.

We’re thinking (wow, that’s a lot of space for 3 people. And we ask what the budget is and they say something like £30 per square foot. That’s £30,000 per annum budgeted for rent only. Now, let’s just think about this for a moment. Do you know how many desks you can comfortably fit into 1000 square feet? The answer is around 12, but let’s say 10 to be generous.

So to accommodate 4 people, you can comfortably get into 350/400 square feet, about 35/40 square metres, (to be precise 1 square foot = .0929 square metres).

So now compare your “rent only” (i.e. exclusive of all other outgoings and set up costs) budget of £30,000 per annum with, let’s say, for example £600 per desk per month (current average central London ball park pricing) fully inclusive of rent, rates, service charge (maintenance costs), and SETUPCOSTS (e.g. furniture, IT, Telecoms carpets, partitioning, photocopiers, fax machines etc etc) i.e. £28,800 pa – surprised? I thought so!

£30,000 pa excluding rates and service charge (conventional space)£28,800 pa including rates, service charge and SET-UP COSTS (serviced offices).

Let’s pause for a moment – side by side, which seems a better deal to you?

Now let’s examine the comment “plus some expansion space because we may be recruiting soon”. It’s amazing how many times I have walked into conventional leased offices and seen so much space sitting empty within the suite itself... completely wasted, and yet being paid for by the tenant.

Page 9: Sos guide uk

FREEPHONE: 0800 327 7347Email: [email protected]: www.searchofficespace.com

Conventional Office Space Vs Serviced Office Space

Conventional Office Space Serviced Office Space * Find location * Sort contract * Fixed contract!!! * Organise office fitters * Buy office furniture * Arrange IT installation * Find receptionist!!!! * Pay estate agents * Pay surveyors & lawyers * Pay all monthly bills!! * Service charges * Taxes * Office maintenance * Repairs * Utilities * Cleaner * Building insurance

* Find location * Sign contract * Move in * Everything included o Furniture o Equipment o IT o Telecoms o Reception o Maintenance * No extras, no hassle * Fully flexible

Save up to 60% on your office costs today!Save up to 60% on your office costs today!

Total saving with Business Centers

upto 60%v’s conventional lease!

Total saving with Business Centers

upto 60%v’s conventional lease!

To find out how Search Office Space can cut youroffice costs please visit SearchOfficeSpace.com/uk/or call 0800 327 7347

To find out how Search Office Space can cut youroffice costs please visit SearchOfficeSpace.com/uk/or call 0800 327 7347

Option 1 Option 2Option 1 Option 2

Terms from only1 Month

Terms from only1 Month

Page 10: Sos guide uk

The landlord is making a tidy profit of course but the tenant is left scratching their head wondering why they signed for such a large suite of office space in the first place.

With a traditional office lease it’s really not the tenant’s fault because none of us have a crystal ball, we can’t tell the future, therefore when a tenant is about to sign a new 5 or 10 year lease, they must make the choice right then as to whether extra space will be needed.

We love pricing serviced office space for our clients because...

You only pay for the space you really need - not fortunes on wasted space

You get extra space like IT rooms, breakout and Internet areas FREE

Easy to upsize and downsize according to your business growth

Preserve your capital - stop wasting rent on larger space than you need

FREEPHONE 0800 327 7347 for live assistance

FREEPHONE: 0800 327 7347Email: [email protected]: www.searchofficespace.com

This is very difficult to get right as you can see but with serviced office the exact opposite is the case...

In conclusion the serviced office alternative just gets better and the savings just keep rolling in i.e. in a business centre, you can expand, downsize or even relocate at short notice. So there’s no need to pay rent on space that sits empty, simply grow into space (subject to availability, which in the current market, it usually is) within the building you are in, as and when you need it.

Page 11: Sos guide uk

4How to reserve an office, even if you’re not ready to move in yet. Most Office Managers are trapped into believing they can’t reserve the office they want for the future… don’t be one of them.

FREEPHONE: 0800 327 7347Email: [email protected]: www.searchofficespace.com

Easily reserve your offices in advance – using this simple ploy. This point is wonderfully simple to do. Yes, it’s true; you can sign an agreement now with a delayed move in date. It’s similar to when you buy a house or a flat, where you might exchange contracts now, but with a delayed completion. The most common reason to delay completion is because it suits the buyer for a variety of reasons. However the most common reason, in the office space market, is that doing so allows you to avoid double rent.

So to clarify, you may be paying rent on an office now, waiting for the lease to expire or waiting while you try to find a tenant to take over your existing lease, which is also known as taking an assignment of your lease – and of course you don’t want to pay for your new office while still stuck with the old.Or perhaps you don’t have an existing lease, maybe you are a new start up business, nearly in a position to take your first office (how exciting) but not quite ready.

Perhaps you are sorting out your business bank account, or recruiting staff (remember you could consider the existing on-site support staff of the business centre on pay-as- you-go basis), whatever it is, these things take time.

But when you find an office you really like, that suits you perfectly, don’t assume that the office is going to wait for you; it won’t - because good offices at a fair price go fast.

Remember the old property adage…Location, Location, Location?

It’s important to you because in a recession or a boom, the best locations always survive. When the business cycle is in boom time and it’s a bull market, demand is so great that tenants start considering other locations; locations previously known as “fringe” are suddenly more in demand. They achieve “up and coming” status a bit like “emerging” markets.

This is because the more established prime locations are “full up” i.e. no space left or it’s because rents have climbed too high (at the height of the market recently in 2007/early 2008, top office rents on the best space in Mayfair, Central London reached £120 per square foot, yes £120!!) and as a result tenants look elsewhere. However when the cycle changes and the bear market kicks in, these up and coming locations are the first and worst hit. Rents fall quickly and suddenly these locations achieve “fringe” status again.

Page 12: Sos guide uk

Granted, there is more supply than demand right now, but even in a recession the best space in the best locations is still in demand. In June 2009, there have been two examples (one in London’s Fitzrovia, another in Manhattan’s Chelsea) where our clients (despite our recommendations) have been left very disappointed by losing out on space in a business centre, where another tenant appeared late on the scene and secured the space. This happened because they delayed a decision just too long. So, the moral of this story is that if you see an office that you like, and it’s available at the right price, secure it quickly because as you can see from the examples above.

But don’t worry, just because you “secure” the office does not mean that you have to pay rent on it from day one, because you don’t.

Here’s how you do it...

We love to reserve serviced office space in advance for clients because...

It’s easy for us to do for you - because of our 16 years track record

Clients are not stuck paying two rents while they wait to move

We save clients money by locking in low rates for them - before they go up

FREEPHONE: 0800 327 7347Email: [email protected]: www.searchofficespace.com

FREEPHONE 0800 327 7347 for live assistance

Most business centre operators will reserve the office for you and allow a period of grace, whilst you do what you need to do. This is very common, especially considering current market conditions; however as the market picks up, then landlords will be less willing to be as accommodating.So what does the business centre operator need from you in order to 100% reserve the office?

Firstly you need to sign the agreement, and also pay a deposit, usually one month’s rent. However we are aware of at least two operators of serviced office centres in London that do not require a deposit at all - not to reserve the office and not even when you move in. Call us now and we will be happy to negotiate this for you.

The other question most people ask is how long will the landlord wait, how long a period of grace will they give you. Well there is no hard and fast rule on this, as you might expect, this varies with each operator, depending on their circumstances.

From our experience we find this is generally between 1 to 6 months but can even be longer depending on circumstances. So don’t lose your perfect office just because you think you can’t move in immediately. Call us today and we will help you reserve the office you want before someone else beats you to it... even if you’re not quite ready to move in.

Page 13: Sos guide uk

5What does “dilapidations payments” really mean? And why misunderstanding this clause, could cause you to face huge unexpected reinstatement bills of thousands of pounds or even more.

FREEPHONE: 0800 327 7347Email: [email protected]: www.searchofficespace.com

To begin with, when you sign a conventional lease, as well as committing to the full repair obligations which we have already detailed, you also commit to the dilapidations liability. This means that, at the end of your lease, by law you must return the space to the landlord in exactly the way that you found it. Many tenants make the mistake of thinking that if the space is left in good condition, then that will suffice but nothing could be further from the truth.

Unfortunately this is not the case. The space may have to be redecorated/refurbished, and also re-carpeted plus (worst of all) …..reinstated back into open plan configuration - this means you may have to take out all existing cabling, partitioning, which will most likely still be in excellent condition and cost the tenant an awful lot of money. This can obviously be very expensive at the very time when the tenant needs every penny they can get to move on into their next office.

The reason landlords insist on this is because when they lease out empty space they like to show it in open plan format, clear of all partitions.

Firstly this makes the space look larger, cleaner and fresher i.e. easier to lease out and secondly it is unlikely that a new tenant will want the same configuration as the previous occupier.

In order to keep a record of the condition of the office and layout, the tenant and landlord agree what is known as a “schedule of condition”, which will usually contain photographic evidence of the condition of the space at the start of the lease.

Reinstating office space that is in perfectly good condition and ripping out high quality partitioning and carpets may seem unreasonable, but it’s the law. Yes, many think English leases should be simplified and shortened, but as things stand, this is the reality. And considering how protective the freeholders (owners of the property) are of their prized assets, it is very unlikely to change in the near future.

To sum up then, you can easily see why dilapidations, together with full repairing lease obligations means that conventional leases legally bind the tenant to incur many future costs.

Page 14: Sos guide uk

From our experience it’s very rare indeed that these are budgeted for, appreciated or fully understood by many tenants. It is also extremely unusual for tenants to include these costs in cost comparisons, when weighing up the pros and cons of conventional leases over serviced offices.

This is part of the reason why the total occupancy costs of conventional office space versus serviced office space, are rarely fully understood. And too often, tenants find out the hard way that actually serviced offices are far better value than first realised.

Thankfully you don’t have to worry about these extra expenses and issues with dilapidations or crushing repair obligations when you sign an agreement in a serviced office.

We hate ‘Dilapidation Law’ but love serviced office space because...

You avoid paying huge dilapidation payments!

You can stop renting your offices without worry of huge reinstatement bills

You know your financial commitment before signing the agreement

FREEPHONE: 0800 327 7347Email: [email protected]: www.searchofficespace.com

FREEPHONE 0800 327 7347 for live assistance

Some operators do make a charge but it is on the basis of a pre-determined fixed cost per workstation – call us to clarify who does and who doesn’t. For those that do, it is possible for us to successfully negotiate the removal of this clause.

You will also save more time and money because serviced office agreements are very short and simple to understand. They do not contain reams and reams of small print with hard to understand legal jargon but are written in plain English and on one piece of paper. With a simple, one page serviced agreement your legal costs would be a fraction in comparison with an old fashioned lease.

Page 15: Sos guide uk

6The common mistakes people make when pricing or comparing fully serviced office space with traditional office space. Discover what the key differences are and why serviced space is far less expensive as a result.

FREEPHONE: 0800 327 7347Email: [email protected]: www.searchofficespace.com

Mistake No1: Not realising that your quote for conventional office space ONLY pays for RENT.You will have to pay extra for all other outgoings and costs such as rates, service charges, cleaning, telephones, IT, security etc

What’s the solution to Mistake No1? Well, serviced office rents INCLUDE all of the following - rent, rates, service charge, cleaning, use of telephones and high speed internet access plus much, much more.

Mistake No2: Not considering how costly future financial obligations associated with traditional leasing in connection with dilapidations, together with full repairing and insuring lease obligations will be. In our experience these are rarely taken into consideration at the outset.

What’s the solution to Mistake No2? Well considering that serviced office space removes all problems associated with the second most common mistake above, you may like to compare which gives you more value, security and peace of mind. With the serviced office model, it is much easier to predict your financial commitment moving forward and can plan accordingly.

Mistake No3: Not budgeting correctly for the capital expenditure on set-up costs required to get the offices into a fully operational condition

What’s the solution to Mistake No3? Think about renting fully serviced space as an alternative to having to spend your companies hard earned money on setting up an office in the conventional sense - because with serviced office space you can move in pretty much immediately and the offices are 100% ready to use with use with state of the art facilities and no extra expense other than one simple fee for your rent. Everything else is included.

Page 16: Sos guide uk

So as you can see when you compare like for like and total occupancy costs are taken into consideration, serviced offices are a very cost effective solution and alternative to conventional space. There is more though...

For example in the current financial climate priorities for many tenants are flexibility (ie easy-in- easy-out terms, plus the ability to easily up-size and down-size and preservation of capital, so that you can spend your cash on growing your business. It makes more sense to pay one flat fee that includes everything without having to worry about extra cash outlays and unexpected bills that come as standard with conventional renting.

Let’s look at flexibility for a second...

When you take space on a conventional lease you really need to take extra space on the day you sign your lease, just in case you may grow into it in the future. You will be paying for it even if you don’t use it for months, or even years ahead.

There is an alternative…wouldn’t it be great to only pay rent on the space you need now, as opposed to paying rent on office space that you don’t actually need at the outset?

FREEPHONE: 0800 327 7347Email: [email protected]: www.searchofficespace.com

You can do just that with serviced office space but most definitely not possible in traditional leasehold offices.

When you sign a conventional lease you are committed to the space that you initially acquire. If you expand or contract, you either have to “make do” (far from ideal for your business plans) or assign your lease or wait until it expires.

When you assign your lease, depending on current market conditions prevailing at the time, your lease may be an asset or a liability. Right now in the current market, chances are, your lease is a liability. It will probably take you a long time to assign the lease plus there is more potentially bad news as you’ll see in the next paragraph.

If you signed a new lease or had a rent review (upward only I’m afraid) at the top of the market, then the passing rent (rent payable to landlord) that you are paying will definitely not be the current market rent. Sadly it will be lower. So, even if you are lucky enough to find a tenant, they will, understandably, insist on a “reverse premium” being paid to them. Not understanding reverse premiums is another mistake that’s commonly made – here’s how it works...

Page 17: Sos guide uk

Please call us now on FREEPHONE

0800 327 7347(or +44 (0)20 8909 5222 from outside the UK).

FREEPHONE: 0800 327 7347Email: [email protected]: www.searchofficespace.com

This is basically a sum of money paid to the new tenant to reflect the fact that they are inheriting an overpriced rent. So for example, for 1000 square feet, the rent passing is £50 per square foot (psf ), as agreed in say September 2007, but the current market value for the same space is £35psf.

So that’s £15psf x 1000sf x 3 years (length of time until the lease expires) = £45,000 (the figure will be a little less because this amount will be amortised as this payment is upfront and in one hit). £45,000 is a lot of money in anyone’s books.

If however the opposite is the case i.e. the market rent is currently higher than the passing rent, then the opposite applies i.e. your lease is an asset and you will receive a premium as opposed to having to pay out a reverse premium. But in the current climate this is an unlikely scenario.

In serviced offices, this issue is not applicable because you can either give notice (30 days, 3 or 6 months depending on your license agreement) or wait till the license expires; usually licenses are signed for no more than a year.

However - in the current climate, if you can fix for longer at these crazy low rents, then we would recommend you consider this. You can definitely secure some incredible long term bargains by doing this.

Page 18: Sos guide uk

So we have covered flexibility, now let’s consider “preservation of capital”.

You have a choice, either take conventional space that needs investment in furniture, partitioning, IT and telecoms infrastructure, plus telephone systems, photocopiers, fax machines, printers and the list goes on (some space is even presented raw i.e. without carpets). To say this is expensive is an understatement; it’s a great way to eat up valuable capital.

Or you can take serviced office space, which requires no capital investment because the space is delivered in a fully fitted out condition, i.e. plug-and-play, turnkey office space – meaning space that you can literally “turn the key” to, open the door, hang up your hat in and start working.

FREEPHONE: 0800 327 7347Email: [email protected]: www.searchofficespace.com

We love our serviced office space clients getting these perks...

One simple monthly fee - includes EVERYTHING, rent, rates, internet etc.

Easy in Easy out - choose today, move in tomorrow

No capital needed - your pre-built, furnished space is ready

FREEPHONE 0800 327 7347 for live assistance

How is this possible?

It is because the serviced office operators have gone to great expense to invest in providing office space that you can see one day and move into the next. Everything is there for you. Furniture, carpets, partitioning, telephones, internet access, all you need to do is bring your own computers. And if you are concerned about the quality of the furniture, the phones and the bandwidth capabilities,capabilities don’t be! Most serviced office facilities have invested in state of the art technology to ensure tenants can have as much peace of mind in this department as they would if they had done it all themselves.

Page 19: Sos guide uk

7How to lock in some of the most dramatic rental price drops we’ve ever seen in over 16 years of our experience in this business. Because of the credit crunch these are unprecedented times which you can take huge advantage of now by fixing at incredibly low rates, if you move quickly.

FREEPHONE: 0800 327 7347Email: [email protected]: www.searchofficespace.com

If that sounds appealing please call now on FREEPHONE

0800 327 7347and let us find you the right office and the best deals.

The deals we are being offered at the moment from our landlords and business centers are frankly fabulous – quite honestly we’ve not seen these kind of price drops in over 16 years of business and we’ve seen a lot in that time.

Please do take advantage of them “whilst stocks last” but you’ll have to move quickly because the deals on offer right now, may not be available tomorrow. For example we have some clients who very recently have lost out on space because they were gazumped. That’s right they were pipped at the post by another company signing an agreement and giving a deposit before they made up their mind to act.This is happening despite the current market because other tenants are realising that the offers available now are at unprecedented levels.

They can see how much money they can save by securing these special offers available right now because of the economy and they are taking full advantage, but so can you.

So what kind of (extra) special deals are we talking about here?Firstly you can get anything up to 40% reduction in your monthly rent from some business centers.

How does that sound? Imagine up – to 40% off!

If that sounds appealing please call now on Toll Phone 888 989 0007 and let us find you the right office and the best deals.

Page 20: Sos guide uk

There’s even more though...

We love helping our serviced office space clients get the best prices we’ve seen in 16 years...

Fix low rates now for up to 1 year (even 2) - at rates of up to 40% DISCOUNT

Plus get one month free - depending on the centre (ask us please)

Currently some centres are even - paying all your phone calls, local, Int, Mobile FREE!

FREEPHONE: 0800 327 7347Email: [email protected]: www.searchofficespace.com

FREEPHONE 0800 327 7347 for live assistance

If you then sign a one year deal, you will also stand a good chance of receiving at least one month rent free. Some centres are even offering space with NO DEPOSIT NEEDED.

Crazy as it may seem others are even offering local, national, international and even mobile calls included AT NO CHARGE in your monthly license rental fee. Imagine that – FREE CALLS for your business!

You can usually fix at these low rates for 12 months, and sometimes even two years or longer. But do hurry because this sort of amazing deal can’t last very long.

Because of our years of experience, we know that soon market supply and demand will adjust occupancy levels once more and these types of deals will just be a fond memory. You do need to act now.

Call us now on FREEPHONE

0800 327 7347 and secure your discounts today. We will be happy to serve you.

Page 21: Sos guide uk

This guide contains opinions and views but is a not a legal representation of fact. SOS Worldwide Ltd trading as SOS > Search Office Space, give notice that the information contained herein and on the SOS website are intended as a general outline and are for guidance only and do not form, or form any part of, any offer or contract. Whilst every effort has been made to ensure accuracy this cannot be guaranteed and SOS Worldwide are therefore not responsible for the validity of the details. Intending potential tenants/licensees should not rely on them as statements or representations of facts and prior to entering into any agreement, we recommend that intending potential tenants/licensees satisfy themselves by inspection and making their own inquiries.

Terms & Conditions

Page 22: Sos guide uk

I sincerely hope that you have found this guide useful.

This guide was written by Richard Smith the Founder and CEO of SOS > Search Office Space, the first ever commercial property consultants to publish a comprehensive online database of all serviced offices in the UK and worldwide. SOS provide a free and impartial service to tenants seeking an alternative to traditional leasehold office space.

If you have any questions, I can be contacted on 0800 327 7347 or [email protected]

www.searchofficespace.com


Recommended