Starting a new business or looking for alternative office space can be difficult, especially if the area intended is in unfamiliar territory.
In areas such as London spending time searching independently could be time consuming and also costly, that’s why appointing a specialist agent is highly recommended.
Although some people might think that appointing an agent who specialises in commercial office space could be expensive, it could actually be the smartest ways to financially kick start your business.
London is one of the busiest capital cities in the world so starting a new business or relocating in the city could be quite difficult without the help of people in the know, who work for you rather than the landlords, avoiding conflicts of interest.
There are many ways that you can find a new office space, either as an investor, a tenant of owner occupier. Whichever is most suited to your business, finding the best price not only on initial outlay but as a long-term financial outgoing is crucial to help business.
With most commercial estate agents in London, paying a fee to find the best premises is considered the norm, but instead of seeing this as financial burden, it could actually be a good investment for your business.
An independent agent will charge a set fee to find the best property for you and by working for you rather than the landlord, your interests as a client and business are put first before anything else.
By using a specialist there are more options for availability and choice of properties as well as having access to properties that are not currently on the market. In addition to this negotiations can be done by the agent rather than you as the investor, leaving you more time to concentrate on your business.
By having a tailored approach to the client, finding the perfect office space through an agent acting on your behalf could be easiest decision you will make over the lifetime of the business.
Although paying an initial fee may seem expensive, what you get in return could be priceless. For example if you are working independently to find the right office space, you could pay more over a 3 year period than if the rent or price was negotiated by the agent. A seller or landlord could take advantage of you as an independent buyer whereas an agent has much more authority in haggling with the landlord to get the price.
By paying an initial sum to an agent for example a set fee of £5000, you could save more than £20,000 on regular payments over the course of three years, making it far more lucrative to invest in an agency in the first place.
Having in-depth knowledge of the city finding a hidden gem in-between the expensive sky-scrapers could be ideal for anyone looking for an inner city location at a price associated with the outskirts. But the only way to find the hidden treasures is by leaving it to the experts.
So it is clear that by paying an initial London commercial estate agents fee you could save thousands in the long-run, giving you piece of mind and putting you in the best position to keep business booming.
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