Finding and leasing the right office space in a global commercial hub such as London can be extremely challenging, especially if you don’t have much familiarity with its real estate market. Working with an experienced office broker is essential to navigate through the contested landscape, help streamline the otherwise complicated process and enable you to arrive at the best deal possible. In this blog, we highlight the 9 reasons to work with an office broker for your next move.
1. Exclusive Deals
By working with an office broker, you get access to exclusive deals not publicly available. This can include recently vacant office spaces that are yet to be listed, special arrangements with a landlord or deals made possible by leveraging their extensive connections in the sector.
2. Saves Valuable Time
On your own, moving office is a highly complicated and time-consuming affair. You have to do extensive research, engage in back and forth communications with the landlord, conduct office inspection, negotiate the terms, go through the extensive paperwork, and so on.
3. Invaluable Experience
Brokers get immersed in the market daily and know the ins and outs of the process. They can help you avoid making any costly mistake and ensure that you are set up with an offer that can meet the changing needs of your company.
4. A One-stop Service
If leasing just one office space is a hassle-filled process, imagine making leases in multiple locations. Working with a broker can greatly help streamline the process, serving as a single point of contact for all your transactions across the market.
5. It’s a Good Business Practice
As a business, you know it’s unwise not to hire a lawyer or an accountant for legal or accounting matters, respectively. So, why hesitate with hiring a broker for your office move? Your office space can carry a significant impact on your overall business success, so it is important to work with an expert in this regard.
6. You Get More Negotiation Power
Brokers have a much better knowledge of the market as well as extensive experience dealing with it. With that comes the ability to provide more value to tenants during the negotiation process with the landlord.
7. They Are Vested in Your Success
Professional brokers know the value of fostering long-term relationships with their clients – both landlords and tenants. They understand if they provide you with an office space that is good for your business, you will likely stay there for the longer term. As such, they are vested in your success just as much as you are.
8. Your First Line of Defence
In case any issue arises with your landlord, your office broker will be your first line of defence, serving as an intermediary to help resolve disputes, and if needed, allow you to find a new, better office space quickly.
However, most importantly of all…
9. It’s Free!
As a tenant, you don’t have to pay a penny for an office broker’s service. Instead, these costs are covered by the landlord, with the commission split with the listing agent.
Interesting in relocating your office anywhere in London? Get in touch with our team, and we will help you find a space that fits all your office requirements.