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How Not to Find Commercial Property in London

Jul 11, 2008
Finding commercial property in London can be easy, with good advice. However, companies looking for an efficient office move often make mistakes, turning their office relocation into an unnecessary drama.

Some firms, at their peril, choose to not employ the services of a commercial property agent. Property agents are best placed to understand the dynamic of London's commercial property market, they are aware of the city's challenges and rewards, and place their client's interests first.

To go ahead with an office relocation or first time rental agreement without a commercial property agents advice, can prove foolhardy.

Some companies think they can plan their office move 'on the fly' without allocating the right amount of time to the project. Managing an office move is a complex affair and is easily outsourced to a company who specialise in moving companies on time and on budget. By not looking for help coordinating office moves, firms are risking their own profitability. By ignoring the advice available to them, they risk losing competitive advantage over their rivals and placing undue stress on their own workforce.

In the property market, pictures may paint a thousand words but by not inspecting the new property in person, companies are risking problems. Before renting any commercial property in London, it should first be thoroughly inspected. Even new offices need to adhere to strict health and safety standards and relying on photographs rather than visiting with an experienced commercial property agent is asking for trouble.

Moving to new offices in London often heralds the success or expansion of smaller companies. By deciding on the first property they see and jumping in without considering the rental agreement, new firms can find themselves in bother, particularly as the economy is in a downturn. Rental agreements are vital for both parties and are best understood by experienced professionals. Rushing to sign away your first six months is a big mistake. Read the small print.

Describing London with words such as 'big' or 'large' fails to detail how truly vast the capital has become. It is one of the world's true global villages and has an enormous amount of commercial property. A commercial property agent with a fully functioning website can save hours, if not days of wandering. Using an online service saves time, money and puts firms in touch with office specialists. Companies should need to look nowhere else.

Getting office moves right is not an easy task. The demands of running a busy company do not sit well with hours on end spent looking for commercial property for an office relocation. Therefore, taking advice is the best advice. Engaging a specialist with truly intimate knowledge of the current market gives businesses a major advantage over their competitors. While others are left floundering and complaining about their office move stood still, firms who decide to use a commercial property agent are moving their businesses successfully.
About the Author
Shivani Gurtu-Louth - Operations Manager of Devono Property Limited. Devono are the only commercial property agents in London to exclusively represent tenants looking for office space and commercial property in London to rent. Our aim is to secure the best commercial property at the best price.
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