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Office Space Rental

Office Space Rental Prices Remain Stable

It is expected that office space rental prices will remain stable after the recent economic twists and turns depending upon location and facilities on offer.

Many larger businesses are now using short term leases in smaller locations rather than commit to longer leases that may involve large capital outlays, redecoration and relocation costs.

This trend is helping to keep the market steady in most areas - central city locations have seen an increase in enquiries from potential tenants of office space primarily because of the proximity to a large amount of walk in client?le.

Companies have been forced to re-evaluate their financial plans and withdraw or reduce some of the services they offer, downsizing their long term rentals in favour of short term leases especially in locations whjere the cost per benefit is low or an outright loss.

Larger premises have seen a downfall in demand and may well be prepared to reduce their prices to ensure that income is generated and buildings are maintained.

There is also a tendency for managers of commercial property for sale to add additional signs which claim that the property can be leased instead of a straight buy!

This is seen by the increase in the number of for sale or lease signs springing up in industrial estates all over the country. If you are looking for new office space, rental prices are probably the most flexible and negotiable than they have been for a number of years.

Office space rental can be based on a monthly or yearly basis and many new developments have short term lease options available including weekly priced options which are been offered mostly in remote locations or in business parks where patronage has not been extensive.

Secure spaces with separate entry doors, on site security and specified parking spaces are perfect for businesses that need 24hr access or want to be separated from other companies in shared buildings.

This gives the business an aura of growth or success and is quite useful for entice small to medium sized businesses looking to expand and create the right image for their businesses.

In other buildings, a small serviced office space may consist of one or two rooms plus access to shared toilet, refreshment and reception services.

In certain situations managed office providers may also provide cubicles popularly known as cubes where start ups and small businesses which need space can buy at cheaper rates or with the shortest lease terms.

Small start up businesses often prefer serviced offices at the early stages of building up their service or sales, it gives the owner time to build up a successful client base and begin to generate income before committing to a longer term lease or larger space where they are responsible for the whole building.

Apart from taking time to visit and research particular locations and look for advertising boards etc. - it is a good idea to check out some property websites and begin to compare the various options available.

Sites like the Lettings Mall have a selection of commercial property listed by a wide range of agents and enable easy comparisons to be made about office space rental availability, location and size.

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