What affects the price of London office space?
The main things that affect the price of office space in London.
There are many different factors that affect the price of London office space and the amount of rent that landlords charge.
To help you better understand how offices in London are valued here is a short list of the key factors that affects the price of commercial property in the capital.
Firstly, the location is probably one of the most major factors in price of an office. There are areas of London where office prices would be set higher because they are considered more exclusive than others.
The overall condition of the office is also a huge influence on the price. A property with a stylish decor and elegant fixtures will fetch a higher price than an office that’s had no effort put into the decorating and maintenance.
A building’s exterior can be just as important to prospective buyers. If commercial office space has a classic look or a modern style companies are more likely to pay a higher price to lease space there.
Any services that are available in the office building will also have an impact on the price. The technology in the property will also affect the overall value of the space.
Lastly, transport links will also have a direct influence on office prices in London. This is because having easy access to buses and trains enables staff to commute with ease and save on petrol costs.
These are just a few of the key factors that can affect the pricing of London office space.