the workspace peopleOur London Office Space Calculator has been developed using multiple leading data sources on the average costs of serviced offices and conventional office space leases. We have built this tool to help users calculate the cost comparison between serviced offices and conventional office space leases. Start by using the calculator below, and find out how you could save money in your office search.
We have collaborated with conventional property agents to decide upon the numbers we needed to accurately calculate office space for you. The areas we calculate for the report vary between serviced offices and conventional leased office space. For serviced offices, we calculate the number of people and service costs, which includes deposits and monthly cost per desk. For leased office space, we calculate conventional leased costs - including upfront costs, deposit covenant strength, dilapidations, legal surveyor fees, yearly business rates and service charges, utilities and months free.
The most common question people seeking new office space ask us is - how much office space do I need per person? When you are working out a conventional leased office space, you will need approximately 100 square feet for each person using the space. This is because a conventional space needs to incorporate circulation space, meeting rooms, soft-seating etc. so that the total square footage you pay for can be detailed on the lease. With serviced offices, they offer rooms set up for a specific number of desks and then give you free reign over their large break-out spaces and common areas. Therefore, serviced offices sometimes appear ‘small’ on paper—they’re only quoting on the square footage of the room itself, as opposed to including all the other space they provide for you to make use of.
As this is our the first launch of our interactive tool, we decided to focus our functionality for London areas. This is because we are seeing the greatest demand for office space in London.
You must first enter the relevant information into the number of people, location and duration of tenure calculator fields. Upon selecting ‘Calculator cost comparison’ you will receive an cost breakdown in your browser. You can then select ‘Get your detailed report’ and enter your email address to be sent a comprehensive report that you can share with colleagues.
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