What is conventional office space?

The practicalities, advantages and disadvantages of leasing, renting or letting conventional office space in London.

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Definition

This means the letting of office space directly from the landlord of the building. Internally the space is yours to utilise entirely as you wish (subject to landlord’s consent where appropriate). You must manage and maintain all facilities, for example, arranging space planning and fit out, I.T. and telephone systems, furniture, cleaning, utility bills and service charges. Conventional office space is rented on a price per square foot per annum basis. Please note you are responsible for the payment of rates. Occupa currently has a selection of conventional office space in London, perfect for businesses looking for offices in Holborn, Mayfair or Soho.


Advantages
Brand Identity through signage in the entrance / facade of the building and to the entrance of your conventional office space.
Control as to how you use and manage your space.
Longer lease terms normally available.
Costs are usually significantly lower than comparable serviced office space.
Greater scope to project company image.
Disadvantages
Finalising the deal takes much longer than serviced offices and office space.
Office fit out / refurbishment may need to be carried out.
Responsibility for office service charges, rates and utilities etc.
Leases usually taken on full repairing and insuring terms.
No internal services are included.
Own furniture must be supplied.
It is usually a requirement that at the end of the lease the fixtures and fittings are to be removed by the tenant and the space must be put back to a fully refurbished condition.