July 5th 2018
Some of the offices for rent in Mayfair are among the most prestigious and beautiful in the world – so how do you afford to rent there?
Office space takes many forms and ranges from a single room to an entire building. Location, location, location is a well worn adage but very true. How many times have you heard that it is better to buy a small house in a well located street than a large house in a more dubious area?
The same thing applies when choosing office accommodation. However, with attractive locations come a high cost to match, so many businesses discount operating a business from Mayfair, but renting office space in Mayfair does not have to be a pipe dream.
Affording offices for rent in Mayfair
Serviced versus traditional
Serviced offices are an affordable and convenient option for setting up business in a highly desirable and prestigious location. Unlike traditional office space which usually offers exclusive occupation and requires complete fitting out, serviced offices offer shared facilities and are let fully furnished and fitted. The enormous initial outlay associated with renting traditional offices is saved not to mention the time associated with organising the fit out.
In uncertain economic times, businesses want the ability to be flexible so that they can adapt to changing circumstances. Renting traditional offices involves entering into a long term relationship with the landlord. Solicitor costs are incurred in negotiating complex clauses in a lease which governs the terms of occupancy. The clauses are drafted by the landlord and are therefore weighted in his favour. Should the business owner tenant want to leave the premises prior to the end of the lease, a break clause can usually be implemented on payment of a fee. If a business is failing the last thing the owner wants is to incur fees while he is trying to minimise his occupancy.
Serviced offices in Mayfair have the advantage that their occupation is governed by a simple licence agreement. There are no repairing and other clauses for a lawyer to pore over, so you will not incur legal fees. Importantly, serviced offices are rented on a short term basis, usually for a period of one month, which can be renewed for as long as it suits your business. The arrangement can therefore become long term but only if you want it to be. This flexibility is of paramount importance and serviced offices allow your business to expand as you can rent more office space if you desire.
Simplicity
Rent for serviced offices is taken care of in one monthly payment. Conveniently the rent covers many expenses and outgoings which are payable separately under a traditional office lease. Expenses commonly included in service office rent are:
• Buildings insurance
• Business rates
• Office furniture
• Printers, scanners and photocopiers
• Electricity
• Use of kitchen facilities
• Use of reception area and support staff
• Cleaning of office’s space
• 24 hour secure access
So, setting up in one of the offices for rent in Mayfair can actually be a reality. At Click Offices we have the expertise to find your serviced offices in upscale Mayfair at a convenient and flexible rent. Contact us today!
