Understanding Office Costs

Three items drive real cost and risk when the search moves fast. Address them before you lock a shortlist.

Exit terms

Notice periods, break options and what “flexible” means on paper — not on a tour — decide how easily you can leave or resize.

Total cost

Deposits, add-ons and escalation sit beside headline rent. Model the full monthly and exit cost before comparing centres.

Renewal risk

Renewal pricing, availability and the cost of a forced move can outweigh a soft first-year package. Ask how renewals are priced and timed.

Common pitfalls to avoid

• Picking on address before validating how your team and clients actually use the space
• Assuming “flexible” without checking notice, break and renewal in the agreement
• Comparing headline rent while understating service charges, fit-out and downtime
• Shortlisting one operator or building before comparing real alternatives