In light of the current restrictions, a number of London’s office operators are offering highly-competitive deals on their spaces.
However, many businesses that know they’ll need a new office post-lockdown are reluctant to sign a contract now. Which is understandable—nobody wants to be paying rent on an empty office space.
But what people often don’t realise is this: many operators have made it possible to sign an office contract now, and start paying later, once lockdown is lifted…meaning you can make the most of the current offers, and get a brand new office at a bargain price. All in the knowledge that you’re not wasting money in lockdown.
The thing is, these deals won’t last forever. Here’s why you should sign now (before it’s too late):
Secure a great price
There are a number of benefits to signing for an office at this time. The main reason is that there are many competitive deals (see below) currently on offer from some of London’s most popular workspaces—from rent-free periods to shorter minimum terms.
And that’s just for starters. We distilled our data from Q4 2020 and found that, on average, operators offered Hubble tenants an extra 17.4% off their (already reduced) listing prices. Some top brands are even offering as much as 50% off right now!
Sign now pay later
Many office providers are also offering businesses the opportunity to lock in a deal now, but pay later—meaning you can make the most of the offers while they last, but only move into your brand new office (and start paying rent) once lockdown is lifted.
Avoid the rush
The office market is also likely to be very busy once life starts to return to normal. Whilst many businesses will be reducing their office footprint significantly, it’s anticipated that the majority will still be keen to have some form of physical office presence. After all, in our “Should We Ditch the Office?” Survey, we found that 71% of employees still want their company to have an office of some sort, and 22% are undecided.
With increased demand from people resuming (or starting) their search pushing up prices, office searches will become more urgent, and there will be less room for negotiation. Right now you have time, choice, and good value at your fingertips.
Flexible deals on the market right now
Below, you’ll find a selection of excellent deals currently being offered by some of London’s most popular flexible office providers:
Location: St James’s
Deal: 2 months rent-free on any 12-month agreements signed in February 2021
Deal: 1 month rent-free for new members starting a 12-month contract on or before 1st April 2021
Deal: Reduced desk rate on private offices—just £349 (+VAT)
Location: Liverpool Street
Deal: Up to 40% reduction on all office prices for the first 3 months of membership (for a limited time only!)
Deal: 3 months free rent on any 12+ month contracts
Deal: 50% off the first 6 months on 12-month contracts with a move-in date before 28th February 2021
Deal: Sign up for 12 months on or before 28th February and get your first 6 months half price
Deal: Discounted price from £2450 to £2000 (18% off!)
Deal: Sign up in the next 2 months and get up to 6 months at a 20% discount
Location: South Kensington
Deal: Sign up for 12 months and get 50% off the first month—plus 5 hours of meeting room use per month for free
Location: Leicester Square
Deal: 20% off first 6 months rent
Location: Blackhorse Road
Deal: Sign up for a 6-month contract and get the 1st month free (plus 5 hours meeting room allowance and reduced rates for the following months)
Deal: Sign up before June and get 20% off private offices of less than 50 desks
Deal: Sign up before June 1st to secure a beautiful fully-serviced WorkPad office in a prestigious central London location, with a Flexible Start Agreement—no commitment to pay until you’re ready to move in
Deal: Sign a 6-12 month contract before June to secure private office desk rates starting from just £99/ person
We’ll be refreshing this page as and when new deals become available, so we’d recommend bookmarking this blog to ensure you’re up-to-date with the very best offers on the market.
Find the right workplace solution for your team
Whether you’re raring to get the whole team back to the office or you’re looking for more cost-effective hybrid options, our team can help you find the right workplace solution for your company.
The best part? It won’t cost you a thing. In fact, our expert advisors will actually save you money. Explore your options now: