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 a serviced office - 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’. Formalising 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 serviced offices 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.
Start your search for an office now – or use our office search below.
Discover additional types of office space we offer, including:
- Serviced Offices.
- Coworking Spaces.
- Managed Offices.
- Virtual Offices.
- Commercial Property.
- Private Office Space.
- Leases, sublets and workshop units.
- Laboratory Spaces.