This means the letting of office space directly from the landlord of the building. Internally the space is yours to utilise entirely as you wish (subject to landlord’s consent where appropriate). You must manage and maintain all facilities, for example, arranging space planning and fit out, I.T. and telephone systems, furniture, cleaning, utility bills and service charges. Conventional office space is rented on a price per square foot per annum basis. Please note you are responsible for the payment of rates. Occupa currently has a selection of conventional office space in London, perfect for businesses looking for offices in Holborn, Mayfair or Soho.

Advantages

Brand Identity through signage in the entrance / façade of the building and to the entrance of your office space

Control as to how you use and manage your space

Longer lease terms normally available

Costs are usually significantly lower than comparable serviced office space

Greater scope to project company image

Disadvantages

Finalising the deal takes much longer than serviced offices and office space

Office fit out / refurbishment may need to be carried out

Responsibility for office service charges, rates and utilities etc

Leases usually taken on full repairing and insuring terms

It is usually a requirement that at the end of the lease the fixtures and fittings are to be removed by the tenant and the space must be put back to a fully refurbished condition.