London Office Occupancy Costs

This report aims to provide greater transparency on the total cost of leasing office space in London to ensure that businesses have full visibility of their office cost base, not just the rent, rates and service charge. There are seven components to office occupancy costs, not just the three that are traditionally used.

The extreme measures that have been implemented to combat the COVID-19 virus will weigh heavy on the economy, businesses and jobs. Now, more than ever, understanding the true cost of office occupancy and the impact it has on the bottom-line will be at the forefront of all decision-making.

As occupier-only advisors, we strongly believe that our clients should have full visibility of all spaces that match their requirements – whichever route is chosen to secure the future workplace, knowing that all the facts are to hand should not only guide search requirements more efficiently but also give them the peace of mind that the ultimate decision is an informed one.

If you would like any further information on insights from this report, please do not hesitate to get in touch.

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"With the myriad tools available to brokers, for me, the key ingredient to a successful partnership is how acutely our needs are heard and translated into action. The entire team at DeVono deciphered our ambitions with patience, pragmatism and good humour. Not only did they present options that answered the questions I had, they provided alternative directions informed by their local expertise, which, being based in the USA, was vital for me to be able to make solid, well-informed decisions. I would not hesitate to recommend."

"DeVono provided E.ON Ruhrgas with excellent support, guidance and valuable industry knowledge during the search for our new office location. Their service provided our Management Team with an extensive list of the options available both on and off the market so that we felt an informed decision could be made on our move. It is evident that DeVono is a dynamic company, who put the interests of the tenants as their sole priority in the London commercial office market place."

"It was a pleasure working with DeVono - the team were very professional, knowledgeable and provided the right advice when needed. The most important aspect was that you took time to understand what we were after rather than position everything on the market. I would not hesitate recommending you and your firm."

"We really appreciated your help. We got the result we wanted at a speed we could never have achieved ourselves and we're very pleased that we engaged you."

"We were very satisfied with the service provided. You helped us find the perfect office to meet our needs and were prompt and effective in negotiating the deal on our behalf."