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To see whether a commercial estate agent can help you, answer the following questions:
* Do you have time to research and dozens of properties in the London area?
* Do you have the experience to know whether you're getting a good deal?
* Do you have contacts throughout the commercial property industry?
* Do you understand all of the commercial property jargon?
If you answered 'no' to one or more of the above, then you will probably benefit from speaking to a commercial estate agent.
It's fair to say that most businesses don't have the time to conduct a thorough search and besides, there's a lot more to finding and getting the right price for your new property than you might first think.
Quite often commerical estate agents are the first to hear about up-and-coming areas where great properties are emerging. Also, often the best properties aren't even advertised and an in-the-know agent snaps it up first. Finally, as professional agents are familiar with their local area they can tell you about places that are not yet on the market, but will be soon.
Another point to remember is that commercial estate agents are all professional negotiators, so having found you a good deal, they can then help you clinch it at a great price. Of course, you'll still have to be realistic about what you can afford, but at least their negotiating could save you enough money enough to cover their fees.
There are other key factors, such as location, to consider too. Offices in less desirable locations are bound to be cheaper, but will being based there send the right signals to your clients? Equally however, much as we'd all love to be in Mayfair, such indulgences don't make sense for most businesses. Proximity to a train or tube station is critical to many companies, as is ample parking.
If you're expecting to be expanding rapidly, then a flexible arrangement with additional space that you can progressively grow in to, could be worth paying a little extra for in the long run. Also, it's important to check in advance that the landlord's going to be ok with any changes that you require. For example, once summer arrives you may realise that your office is stifling and that you really need air conditioning.
To conclude, by helping you to ask the right questions ahead of time, by speeding up your search and then helping secure your deal, professional commercial property consultants can save you a lot of time and money, and make finding your next office more enjoyable too.
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