What is conventional Office Space Mayfair

1. What is conventional Office Space Mayfair? We are all familiar with the term "office space" and what is meant by it, but what about "conventional Office Space Mayfair"? This phrase is seen on property related sites and used in discussions and the letting of business spaces. But what does it mean and how does this sort of space differ from any other type of office space ? There are actually a number of significant differences that one has to know about if one is in the marketplace for office space: - Firstly, conventional office space premises are let directly from the building's landlord. In other words, the tenant does not deal with a middleman like an Estate Agent or a Letting Agent. This aspect has benefits and drawbacks. - These sorts of business premises are usually rented out with a price structure that's based on rent per square foot per annum. Over and above this normal rental rate, the tenant is accountable for paying the expenses . - In return for the ability to use the rented space in a way that suits one best - once the landlord gives the go-ahead - the tenant will have extra charges: bills, service charges, maintenance communications installment etc. These are the main features of conventional office space. As with so much else, this way of letting office space comes with both disadvantages and advantages in addition to those above that one may not be aware of or think of initially. The benefits of this sort of office space For many people, a key advantage is that these leases are normally extended. This implies less moves, being able to settle in, not needing to carry relocation and other expenses as often or having to send out change- of-address communications to suppliers and clients. and repairs, cleaning and

2. An additional significant and positive consideration is the fact that these offices are less expensive than serviced spaces because one can look around for competitive suppliers and control these services oneself . Finally, because the tenant could arrange and decorate the premises as they want, including putting up signage, it's a lot easier to display a firm's brand and image . The disadvantages of conventional office space Firstly, there aren't any insignificant fees related to fit-out, installation of infrastructure like telephones, and furniture. These would be relevant before moving in. Furthermore, it's a common condition in these types of leases that the premises have to be returned to their pre-let state at end of tenancy . There are also a few different continuous, regular expenses that the tenant must meet: insurance, maintenance, resources and repairs. These may be vital. Finally, this kind of office space rental takes longer to complete which could be a problem for those who need to move into business premises quickly. If conventional Office Space Mayfair is the best choice for you or not depends on your demands in terms of timing, customization and funds. You can also ring 020 7100 7500 for other information. Copyright @ Occupa Commercial Property Consultants