The needs of businesses are changing in how they utilise their office space. Common trends for relocation that we are experiencing include requiring less space, more flexibility, a better-quality working environment, more sustainable credentials and the need to relocate due to redevelopment.
The process of an office move is not straightforward and entering into a lease can represent a significant liability for any business. At Lambert Smith Hampton (LSH) we can advise you throughout the entire process and do all the work involved in relocating an office. As a national, forward-thinking business we offer in-depth market expertise to our clients which offer exceptional value and delivers bespoke solutions.
We’ve set out below our top tips on how to work smarter by using our Tenant Advisory Service.
Start the process early
The sooner you start the search the better, this will help you get the best space at the best price and manage any exit cost effectively. All too often we see occupiers who don’t leave enough time to find the right premises, carry out due diligence, save money on the exit of their existing space and manage the fit out of their
new offices.
Consider your business goals and staff
Your office space should facilitate your business function, but also consider if you are in the best location for customers, staff and amenities. We can assist these decision-making processes with travel time analysis, demographics studies, robust stay-vs-go and comparative financial analyses.
Not every office is publicly marketed
Our market knowledge and extensive networks allow us to provide you with off-market properties and new opportunities. In some instances, where occupiers are considering exiting lease liabilities, these can potentially offer highly incentivised deals to ingoing tenants.
Appointing an agent is cost-effective
We are office advisory specialists boasting an extensive track record, with in-depth knowledge of our markets and the leasing process. Not only can we achieve the best financial terms for you, we can also reduce your exit costs and will work on an incentivised fee basis.
Think beyond the financials
The cheapest option may not be the best option. A poorly negotiated lease and a lack of a pre-acquisition survey could leave you exposed to significant future cost liabilities.
Factor in the fit-out cost: We can procure and manage office fit-outs to ensure best price and quality control. The way in which offices are leased is adapting fast to suit the needs of occupiers. A whole range of options are available to minimise cap-ex and exit costs including managed workplaces, Cat A plus and bespoke rentalised fit-outs.
To find out more visit Lambert Smith Hampton or contact by giving them a call on 01908 604630.
