Traditional lease vs flexible workspace – which is more cost-effective?

After staff salaries, the largest cost to most businesses is their office space.

The type of space you procure, and your ability to scale it up and down, for the good times and the bad, presents a critical business decision, particularly with the range of office choices now available.

Below we take a look at some of the differences between traditional and flexible office space:
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So where do you actually save money?

With a traditional lease the rent actually only makes up around 40% of the cost of your office space in London (UK regions are even less than this). Below is a breakdown of just some of the costs associated with traditional office space that you can avoid when taking flexible office space as an alternative.

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On top of these major outlays you will also need to spend time negotiating individual contracts to take care of services including (but by no means limited to) cleaning, maintenance and dilapidations, recycling and confidential waste, finder fees and property negotiation.

Our best in class property team are aware as to the trends in the market and how to negotiate the best property deal. Furthermore we are aligned in our objectives to finding you the right solution that fits individual business needs so whatever type of office space you feel is right for you get in touch with us first.

Find the right solution for your business and discover the types of office space we offer, including:

– Serviced Offices.

– Coworking Spaces.

– Managed Offices.

– Virtual Offices.

– Leases, sublets and workshop units.