The prospect of moving office locations can be filled with negative initial resistance, considering the disruption and important decision involved.
However, it can typically be the right decision to make, especially in regards to a rougher-than-normal financial status that current effects quite literally everyone involved in commerce at the present. So when is a good time to consider relocating a business? What are the options for relocation?.. read more
Many experts have proclaimed the West End as the top office building district in the world, as it always is a chore to find available Class A office space even in today's turbulent financial times. But is the West End office market left completely unscathed by the credit crunch? Is this the perfect time for an ambitious corporation to exploit falling property rates to relocate to the best business district on the globe? In short, no... read more
While a lot of businesses are finding the current credit crunch a large detriment in their spending (as business credits and large loans for projects are frozen on an increasing level), there is a huge opportunity for many companies to streamline their expenses in short-term office solutions. Instead of renewing a traditional office building lease and subjecting your company to another few years of a strict agreement (at the same pricing) simply for an extra rent free period or two, the best way to take advantage of falling office property rates/pricing is to research serviced office solutions... read more
As leasing agreements near their expiry date in today's office market, businesses can be faced with a troubling decision to renew or relocate. Often times, one hears of a business that is locked into a well-situated office building that can no longer afford the leasing terms, and to make matters worse, the efforts to dispose of the property (by means of renegotiation or finding a new tenant) in such turbulent financial times are met with little success. Naturally this is bad news for landlords who are stick with prime property, yet for businesses that are deciding to renew, it could spell disaster... read more
It's hard to see the light at the end of the tunnel in threatening economic times for corporations that aren't able to count on continued revenue for the foreseeable future. A common tactic that many businesses are coming to terms with is a reduction in the costs of their office occupancies, and with the host of good alternatives to a restrictive office lease that exist today, there is no better way to stave off the threat of recession than looking into short-term office solutions... read more
Short-term offices differ from the traditional office space in that the leasing agreements are altogether more flexible/less restrictive, the services offered are more inclusive, and the ability to secure an exclusive location in a good business district is entirely likely without the necessity of a large upfront fee. In short (pardon the pun), short-term leases are the attractive alternative many of today's businesses are looking for during the credit crunch that threatens to stifle economic growth in 2008's marketplace and beyond... read more
With all the doom and gloom associated with today's marketplace, how can anyone tell whether a move into a serviced office will benefit them over traditional offices in either the short or long term? Generally speaking, if things are progressively getting worse for an office in terms of finances, serviced offices will undoubtedly provide benefits that will help turn losses into profits... read more
With the credit crunch affecting all aspects of business, it's important for companies to realize the areas where increased supply and falling demand can benefit them in terms of commitments in the short term. Using serviced office providers as an example, an office building occupier that utilizes serviced over traditional office buildings has just unencumbered themselves of a restrictive lease (which for the most part are priced at pre-credit crunch levels) that never takes into account the currently falling prices of property throughout the multi-year term... read more
With the supply and demand cycles of the office market facing unpredictable fluctuations during this current credit crunch, companies seeking to relocate or expand their business are finding that the office market is favourable for initiating new property agreements. Naturally, as vacancies continue to increase in London and other parts of the UK (demand falls, supply rises) the prices will continue to decrease in the hopes of enticing new tenants. Over the last year alone, prime rents have fallen by 11% in Central London, while rent free periods for conventional office buildings nearly doubled across the board.. read more
Short-term office solutions, such as serviced offices and managed offices, hold not only financial benefits for an option-seeking business, but also flexibility benefits. Using the resources from an established serviced office provider like Reflex Solutions, the business searching for alternative methods of handling day-to-day office work can enjoy ideal working locations, the best rental terms, and a wealth of products, services, and support from the provider... read more
Ideal for the larger corporation that seeks a more flexible office space solution, managed offices can be seen as a combination of the advantages of both conventional and serviced offices. Managed offices have terms that begin at a year or more, with typical office sizes of 1,000 square feet and up. Generally with managed offices, a business provides their own furniture, staffing, and equipment, yet can have the option of access to telecoms and IT or other components included in a leasing agreement depending on the length of the contract.
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While serviced offices can provide both start-up businesses and established corporations with attractive benefits over a traditional office property, a natural middle for those businesses that wish to retain more authority over office services, to closely handle monthly expenses, and to obtain a longer lease agreement should consider managed office solutions as a better fit for turning losses into profits... read more
In recent news, office spaces of become increasingly vacant throughout traditionally high-commerce areas of London, attributed to the credit crisis affect the world today. This troubling trend speaks volumes to the benefits of serviced offices and short term office solutions as the increase in vacancies correlates to the increase in these short term services throughout London and the rest of the world. In the city of London alone, the office vacancy rose in Q3 2008 to 5.5%, equaling about 5.7 million sq feet of empty office space... read more
Securing an ideal office space during the current financial crisis could be an exercise in futility for a new corporation or business organization. The fluctuating property prices leave many people second-guessing the value of what used to be highly-prestigious business locations, and wondering how to justify multiple-year leasing agreements as their economic future remains uncertain. Perhaps the traditional office space is no longer a viable solution, considering the many benefits of alternative solutions.
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So the company has decided to relocate, eh? While assuming that all the necessary legwork has been done in researching costs and associated expenses/benefits of making a new location the company's home, what other considerations should a relocating business have in mind? First and foremost, a new location should be able to foster maximum efficiency and effectiveness in terms of generating revenue. Of course, it may be harder to predict a location's affect on business before actually relocating, which way many corporations opt to employ short-term offices for a means of 'feeling out' a prospective location... read more
A growing concern for many businesses is the need to secure funding for projects, business ventures, and expenses in the face of frozen accounts and limited resources brought about by the credit crunch. As their bottom line begins to suffer due to the added restriction, companies under tight, lengthy office leasing agreements have begun taking steps to streamline their deployed staff into a central location while disposing of extraneous property (even if it's at a loss). This tactic is typical of one where a corporation's assets have been placed into a significant investment in the form of a traditional office, yet those businesses that have opted for short-term office solutions are finding an added freedom of flexibility and increased spending ability even in the roughest of economic times... read more
A rising trend among many businesses in the face of the current financial uncertainty is to opt for short-term office solutions over traditional offices. With more focus on conserving revenue and limiting losses, the idea of long lease terms with high upfront costs that are associated with conventional offices are fast becoming a corporation's worst nightmare. Short-term offices, on the other hand, provide everything that a cost-sensitive corporation or smaller independent company is looking for in office solutions currently: flexible leasing terms, little or no start-up costs, immediate availability, and the freedom of selecting an ideal location... read more
An ideal workplace solution for the small business owner, serviced offices are rapidly gaining popularity throughout the UK and the rest of the world as the credit and securities markets face dire times. High flexibility, a fresh alternative to traditional solutions geared for long-term businesses, coupled with prime locations all form an extremely attractive option for new start-ups, and even large corporations looking to try a different approach to office space concerns... read more
Regarded by many as the most ideal location for office space on the globe, the West End area of Soho, London represents the most prestigious and highly sought-after location for corporate offices in the world. This trend continues even in the face of the downward spiral of the world's economy, specifically with respect to the credit industries, a fact that flies in the face of the number of private equity and hedge fund companies that continue to rent in the West End office space areas at current present... read more
10 February 2009
With the current crisis facing the world's economy, specifically the credit and securities industries, it can be a tough market for a new business that is looking to obtain a new office space. Fluctuating property prices in tandem with the sour economy can lead many businesses to liquidate assets for more spending capital, rather than significantly invest in new property. With conventional offices as the most typical solution for established corporations needing little flexibility, it can be hard to recommend that new start-ups and small independent businesses look anywhere other than managed and serviced offices to meet daily business needs.
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7 February 2009
In business, there are many different types of office space solutions used, at times in conjunction with one another, in order to contribute to the overall success of an organization. The 'front office' is a typical sales and/or marketing-oriented environment where the majority of a business's main revenue-generating activities take place. These front offices are typically geared towards the Class A-type, meaning the office should be located in a prestigious business district surrounded by other successful corporations and firms to illustrate a healthy level of success towards current and future clientele... read more
26 January 2009
London was named as the best European city for office space in Cushman and Wakefield's latest UK Cities Monitor report, providing hope to corporations new and old based out of the great City for better financial times ahead.
Owing to the prestigious areas of London like Soho, Central, and North London where many the top corporations in the world continue to do business, rental rates for offices have only just begun to see slight decreases in Q3 2008... read more
26 January 2009
A number of companies have decided that they can better perform their work in managed offices instead of a privately-owned facility, leading some other company heads to wonder exactly what the many managed offices London and Soho feature might be able to offer them. In case you are not familiar with the term, a managed office is one that has the full support staff of an office management company to handle the day-to-day work of keeping an office running so that your company can stay focused on the business of doing business. A number of managed offices in Soho and London are owned by the company who does the office managing and are leased to other businesses, though some office management companies are contracted by businesses who own or lease their office space from a standard estate agent as well... read more