The price of serviced offices
March 11th, 2008 | by Simon RattrayThe serviced office industry is a fast paced and rapidly growing sector. This is because long-term, inflexible investments in property ownership are increasingly being seen as risky choices for business owners.
As the industry grows, the prices of renting a serviced office can be affected. The prices can fluctuate according to demand, supply, location, etc.
For example, a prime city centre location, with grade ‘A’ office space in a building with 95% occupancy is likely to see the rental cost rise much quicker than a brand new development with no tenants.
Remember that the advertised price is not always what tenants will be paying so ALWAYS ask for a discount. If this cannot be offered, try to see if you can get some add-ons thrown in for free such as use of meeting rooms.
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