Understanding the cost drivers for commercial space relocations is an important part of maximising value for your business. By conducting credible market research and identifying viable and competitive business locations, you’ll ensure that your staff and rental costs are somewhat contained.
The main cost drivers are:
- Choice of location
- Negotiation and structure of lease agreement
- Optimising the space layout
These factors can vary significantly, and credible market information creates competition between commercial property landlords to secure a tenant. For this reason, structuring a lease transaction that meets your business and financial objectives as a tenant can prove vitally important. In today’s market, we are seeing landlords offering increasingly flexible terms to retain and attract tenants.
In this environment, there’s an opportunity for you as a commercial property tenant to take full advantage of market conditions. Securing suitable volumes of office space via efficient design as well as construction management can both yield significant cost savings. In order to make well-informed property decisions, we recommend using a competent property practitioner, space designer and construction team. Appointing a team of experienced professionals will help make sure that your commercial premises are complete, fitted and operational when you occupy the commercial space.
At Black Pepper Properties, we’re able to source business premises, assist with negotiations, and help you partner with a design company – all of which go a long way to ensuring competitive pricing. Want to know more? Contact Simon on 083 261 2861 or on email@example.com.