2,642 ads Office Space to Rent in London

What should I consider when choosing an office space in London?

Location is paramount, considering accessibility for employees and clients via public transport and road networks. Think about the size needed now and potential future growth. Consider the amenities offered, such as internet connectivity, parking, and shared facilities. Also, factor in the overall cost, including rent, utilities, and business rates.

What are common lease terms for commercial office space in London?

Commercial leases typically range from 3 to 10 years, but shorter or longer terms may be negotiable. Understand the break clauses within the lease, which allow you to terminate the lease early under certain conditions. Be aware of rent review clauses, which specify how and when the rent can be increased.

What should I check before signing a commercial lease agreement?

Thoroughly review the lease agreement with a solicitor specialising in commercial property. Ensure you understand your responsibilities regarding repairs, maintenance, and insurance. Check for any restrictive covenants that may limit your business activities. Obtain a survey of the property to identify any potential structural issues.

What are business rates and how do they affect the cost of renting office space?

Business rates are a tax on non-domestic properties, such as offices, and are payable to the local council. The amount is based on the property's rateable value. Enquire about the rateable value of the office space and factor this into your overall budget. Small business rate relief may be available if your business meets certain criteria.

What legal requirements should I be aware of when renting commercial property in London?

Ensure the property complies with all relevant building regulations and fire safety standards. You are responsible for complying with health and safety legislation, including conducting risk assessments. If your business involves handling personal data, you must comply with the Data Protection Act 2018 (incorporating GDPR). A solicitor can advise on all legal obligations.