Commercial Property in London
With a population of more than eight million and an eclectic mix of
people and city offices, London has something to offer every firm.
Moving offices or buying commercial property is sadly not as easy as one might hope, but with some expert knowledge
and office relocation help, firms quickly enjoy its numerous
opportunities.
Commercial property markets have struggled following recent
international credit shortages. However, falling values have attracted
numerous overseas buyers and some commercial property still retains a
premium. The recent sale of Mayfair offices by Hermes Real Estate at a
four per cent yield is a useful example.
Businesses looking to resize and move to new offices have to consider
the cost of moving and the benefits of hiring office specialists to
help. By employing an agent, a company can also continue driving its
business forward, while an office relocation project manager takes care
of the details.
Commercial property agents are best placed to understand these market
developments. This 'inside view' could be of even greater help to
companies moving to London for the first time. Experts say that
commercial property agents can offer those looking for office space a
number of key advantages.
When representing a tenant, they can be trusted to find a property at
the right price � not necessarily one that the landlord is looking to
achieve. Equally, the opportunity to harness the insider knowledge of
commercial letting agents � who may know about good locations due to
come onto the market, can give firms a head-start. Rather than simply
scanning available office space and wasting time continually checking
what is available, interested tenants can be alerted by those in the
know.
The same grounding is also useful when it comes to the crunch.
Commercial estate agents are aware of the market moves and will have
their finger on the pulse when it comes to knowing what might be around
the corner � will the location, for example, be set for major new
transport links, like Stratford following the construction work done
for the Olympic Games; or is the nearby Tube station set to close for
the first six months of the commercial lease? With an understanding of
the local area and the market conditions in what are changing times for
the property market, an agent can help a tenant find the right space at
the right price and make the new site or office relocation that much
smoother.
Companies moving to London need first to decide where in the capital
they want to be. London has excellent public transport connections,
although even small companies looking for budget relocations should
consider their choice of location carefully.
By using a commercial property expert, they can find a number of offices and benefit from specialist local knowledge.
New London mayor, Boris Johnson, has new plans to create more open
spaces and waterways which investors hope will further add to the
city's qualities. The Times reported his planning advisor, Sir Simon
Milton, saying Boris�s big theme is "quality of life".
So whether it is in or out of work, companies planning office
relocations can expect their staff to enjoy the best London has to
offer.
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