Guide to Using a Property Consultant
A Property Consultant plays an important role in the moving office process; not only will they ensure you end up in the right office property, they will also ensure you are paying the lowest possible rent and get the most favourable outcome in term of your office lease.
Choosing a Property Consultant
When choosing a Property Consultant, it is important to find one who is well established within the local area, and is competent and experienced dealing with office tenants. A local Property Consultant will have intimate knowledge about the neighbourhood, and can even identify office properties that are not yet on the market but may become available within your intented timeline.
Briefing your Property Consultant
For a Property Consultant to be successful and find you the best possible office space, they need to have intimate knowledge of your office space requirements; this includes how your business operates, the way in which you intent to use the office space and your plans for future growth. They should also be able to provide you with an analysis of current market conditions; what rent you will most likely be paying, as well as service charges, business rates etc. which you can then factor into your Moving Office Budget.
Finding Office Space
A Property Consultant will accompany you on Property Viewings, and out of the shortlist of properties, you will select a few options that your Property Consultant can negotiate terms with the Landlords. This gives your Property Consultant plenty of leverage to negotiate one office property against the other and see which option is the most suitable. It also allows you to compare alternatives on an "apples for apples" basis.
Negotiating Office Lease Terms
The role of a Property Consultant is not as simple as just accompanying you on property viewings, they'll negotiate the entire contract on your behalf until completion. When it comes to negotiating the best deal, your Property Consultant will have the necessary knowledge of recent market comparables, what other deals the landlord has done recently, and upcoming lease expirations and use this information to gain leverage with the landlord and arrive at the best possible deal on your behalf.
When viewing potential office properties with your Property Consultant, don't forget the FREE Office Space Checklist to help define your office space requirements and choose the most suitable office property.
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