How much office space in London do you need?

Future planning is essential in many aspects of running a business, and when choosing new office space it should be paramount. A smart new office space may fit now, or seem roomy compared to your current commercial property, but is it going to get cramped again all too quickly? With many commercial property leases being arranged on 5 yearly cycles, you don’t want to be bursting at the seams half way through the contract and be faced with a costly tenants break option.

Coming at it from the other side however is just as important. A spacious office may seem wonderful, and have room for growth, but if you don’t anticipate the need to expand your staff for the foreseeable future, is paying for that unused office space financially viable? West End commercial property rents are still particularly high and when your office space could cost as much as £100 per square foot, you need to be sure that you are not paying for a square foot more than you need.

Deciding how big an office space you need is a critical part of the process, and for many companies the best option is to enlist the help of a professional Office Space Planner, but you can begin to get an idea by considering various factors. Your required office space will clearly be affected by the nature of your business, consider the following:

Do you have stock to store and need a retail space for customers?
Do you have a company that stores large numbers of files or books that are regularly consulted?
Do you need facilities geared around a large amount of electricity usage or cabling designed to cope with high bandwidth and busy internet servers?

No-one knows your business as well as you do, so tell your commercial property agent all about it right at the start of the process so no-one’s time is wasted.

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How much office space in London do you need?

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