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The rise in demand for serviced offices is frequently discussed, and both seen as a reaction to the uncertainty caused by Brexit and the new and improved options available with companies like WeWork entering the market. Unfortunately, this popular office solution tends to come with a hefty price tag that not all occupiers can afford. This makes opportunities like the available floor at 94 Jermyn Street the perfect choice for small companies looking for the flexibility and plug-and-play environment that serviced offices provide but at a much more affordable cost.
The office space on 94 Jermyn Street has the 4th floor available with flexible lease terms. It comes fully fitted, wired, and ready to go. The current layout is a private office with four desks and a private board room, however this can be reconfigured to comfortably fit eight desks. The building has recently been decorated to a very high standard and has a shared kitchen, shared boardroom, and a shower.
Eugene O’Sullivan Managing Director at Morgan Pryce, says; “This is becoming increasingly common for tenants to want to sublet excess space as it reduces their overall cost of occupancy.”
Being able to sublet in part is an important point to have negotiated into your Heads of Terms, as superior landlords do not favour it in the lease.
This news was brought to you by Morgan Pryce, a specialist tenant acquisition agent with offices in Oxford Circus and the City. Morgan Pryce specialises in search, negotiation and project management and works exclusively for tenants.