Leases sublets & workshop units
Over the longer term a conventional lease can sometimes be more cost-effective than other office solutions, but you have to spend extra time, money and resources to negotiate terms, fit-out and manage the space.
Conventional office lease
A conventional office lease is formed when a tenant rents directly from a landlord, who agrees rights to their property for a period of time according to certain conditions.
Key features of a conventional office lease:
- Longer term
- Fixed amount of space
- Lease is negotiated between both parties with the use of solicitors
- Ability to design, fit-out and brand your workspace to your exact specifications
- Fit-out, furniture, IT and telco, maintenance and cleaning services are all organised and paid for by the tenant
- Suitable for larger organisations who already have their own furniture, IT & telco systems
If you are able to commit to a longer term, and have the resources and budget to support all associated costs, a conventional lease gives you the freedom to create an individually tailored office to match your brand.
Sublets
A sublease is formed when the tenant grants a secondary lease (with the freeholder’s permission) to a third party – a subtenant. This subtenant might also be permitted to sublet to another, and so on. Chains of tenancy can therefore be complex!
Subleases can be offered either:
- Like an executive suite - i.e. the office space might be furnished, with IT provision, have shared meeting room facilities and be offered for an all-inclusive monthly rent; or
- On a traditional rent, business rates, and service charge basis
Usually all subtenants will be bound to the original terms of the first lease, and these are non-negotiable.
Taking a sublease can be cost effective – even in the short term - but they can be hard to find and involve taking the office and lease ‘as is’. Formalizing the agreement can also take a substantial amount of time due to the complexities involved, and we would always advise that you have a solicitor act on your behalf.
Workshops and industrial units
- Office space
- Manufacturing and distribution
- Laboratories and science parks
- Warehouse storage
- Non-food retailing
These units typically include roller shutter doors, pre-installed goods lifts, loading bays, CCTV, parking and self-contained bathroom and kitchenette facilities.
In many cases they have their own integrated offices, providing businesses with a quick and flexible part-workshop/part-office solution.
Workshops and industrial units are rented on similar terms to a conventional office lease, however more flexible terms are available. It is also possible to rent multiple units, giving your company the ability to easily upsize or downsize as required.
We would always advise that if you decide to take a lease, sublet, or workshop unit you always have a shortlist of executive suites to fall back on should anything go wrong during the final stages – as there are so many points to negotiate.
How can Instant Offices help you?
Every month Instant Offices helps over 5,000 businesses across the globe find their ideal workspace. As specialists in flexible offices, we know the market, and how to navigate its range of options and providers to find your business the perfect space – and quickly.
Whether you need guiding through the process step-by-step, or you’re a property expert who needs us to grasp complex requirements and deliver innovative solutions, our specialists go further to help. We only recruit the very best people – we know the better we are, the better your new office will be.
How can Instant Offices help you?
Whether you need guiding through the process step-by-step, or you’re a property expert who needs us to grasp complex requirements and deliver innovative solutions, our specialists go further to help. We only recruit the very best people – we know the better we are, the better your new office will be.
Start your search for an office now – or get in touch.
Discover additional types of office space we offer, including:
Serviced Offices.
Co-working Spaces.
Managed Offices.
Virtual Offices.
Leases, sublets and workshop units.
Laboratory Spaces.
Reports
As the world’s largest flexible office provider across the globe we have a wealth of market data at our fingertips – gained from handling over 70,000 enquiries every year. Our reports typically consider changes in the flexible office industry, the number of available business centres, business centre spread in each market, average workstation rates and additional service costs.
Can we help you? If you’re looking to enter new markets or open strategic global locations, we can help you get to grips with the local markets by producing reports like these for your business. For more information please contact us.
Is flex the new normal? Instant’s latest research explores 18 of the largest global markets for flexible workspace, where flex now accounts for up to 5% of total office space.
Beers or bikes: What do customers really want from a flexible workspace? The Instant Group and The Executive Centre surveyed 500 respondents across multiple Asia-Pacific markets to find out.
The flexible workspace sector has ridden the crest of a wave for the past five years with global demand increasing by 50% and more market supply of flex space than ever before. But what will happen in 2019?
The flexible workspace market has grown faster in Asia-Pacific than any other destination in the world in the last 12 months. Read Instant's latest research report to find out more.
Our 2018 report, US Market Summary – The Evolution of Workspace, is an analysis of co-working, executive suite and hybrid office growth across the United States.
As co-working and flexible space continues to see rapid growth in major global cities, research by The Instant Group and HLW found that those using it are enjoying higher levels of productivity, better business opportunities and improved work environments.
Instant’s Global Cities report is the first comparison of the key global markets for flexible workspace. The review highlights that the most dynamic growth is coming from the newest, emerging markets.
Our comprehensive study of flexible workspace in the US shows a huge growth in the market and a changing of attitudes over the last year.
The Instant Group's 2016 review of the UK executive suite sector shows that growth is being driven largely by outer London and the regions while the market as a whole has increased by 11 per cent in 12 months.
A collection of market reports from 2014 for the Americas region including Atlanta, Bogota, Boston, Calgary, Mexico City<br>New York - Financial District, San Diego and Washington D.C.
A collection of market reports from 2014 for the EMEA region including Cape Town, Copenhagen, Doha, Dublin, Edinburgh, Hamburg, Istanbul, Kiev, Nairobi and Zurich.
A collection of market reports from 2014 for the Asia-Pacific region including Auckland, Bangkok, Jakarta, Melbourne, Mumbai, Perth, Seoul, Shanghai, Shenzhen, Taipei and Tokyo.
Our guide to more than 100 emerging cities around the world. This research gives clients the ability to delve deeper into the facts, figures and insights for locations they may be looking to establish in.
Showing impressive 14% growth over 12 months in the North American market (United States, Canada and Mexico) this report looks behind the details revealing the key trends and statistics.
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