The process of optimising your offices may produce the added bonus of surplus space, which can sometimes be sub-let and so turned into additional income.
Before sub-letting it’s wise to have your lease scrutinised by a commercial property agent for any restrictive clauses, and also to be realistic about the likelihood of being able to find suitable tenants.
Among other things, your agent should advise you whether to offer different rents for subdivided space on different floors or with different views. Large blocks of space left over after your office refurbishment, for example, might be offered at a lower rental rate than smaller areas, and if the premium space is leased first make sure you’re not left with remaining space rendered almost unleaseable.
Needless to say, the space you decide to sublet should be in a well-maintained, marketable condition. If the refurbishment is going to leave you with a lot of surplus space, it might be wise to invite your office refurbishment partner to factor the cost of developing it as part of a separate scheme.
Whereas your own working areas need to be optimised to meet the specific needs of your business dynamics and culture, surplus space set aside for sub-letting needs a more generic approach so that it hits all the market’s ‘hot buttons’.
Maris Interiors LLP is the UK’s leading specialist in workplace consultancy, workplace optimisation, office design, office refurbishment, office fit-out and office relocation. Maris design and create world class working environments for occupiers throughout the UK and continental Europe. The Maris team of experts has extensive and in-depth knowledge of how good office design and fit-out can substantially improve business performance, save vast amounts of money and help retain and attract key people.
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