Use an Acquisition Agent to Source Good Commercial Property in London by:Shivani Gurtu-Louth

Despite the economic downturn, the Confederation of British Industry has reported

that some businesses are flourishing against the odds and, as corporations reduce the graduate intake for 2009, many entrepreneurs are deciding to set up their own businesses as opposed to searching for jobs that simply aren't there. Conversely, those businesses not doing so well are streamlining their workforces in order to cope with the effects of the recession. These are all good reasons for a business to consider relocating or finding new business premises.

Anyone looking to expand, downsize or establish their company should first consider the benefits of using commercial acquisition estate agents. There is plenty of commercial property in London - even more so as a result of major corporations downsizing - but the commercial property London has to offer is wide and varied. Using commercial estate agents can help you find the right premises for your business and, even more importantly, at the right cost.

Relocation or expansion can interrupt the flow of business quite dramatically. Even assigning someone to the job of finding new premises is a loss of manpower that many businesses simply cannot afford at this time. Using commercial acquisition estate agents enables a company to continue its day-to-day business whilst someone with commercial property industry-knowledge and expertise can compile and research lists of potential premises and once found, they will then act on your behalf to structure the lease with the most favourable terms possible. Good commercial acquisition agents take the time to understand the company's structure and needs and will make lists taking these factors into consideration. The lists can then be considered at the most appropriate time.

Commercial estate agents are also well versed in working within the confines of a budget. Whilst looking for commercial property in London, they should also take into account the physical requirements of the office. Unless the office is serviced, they can assist with researching suppliers and ancillary services that will make the process run as smoothly as possible. The information they compile on services such as IT support, security access systems, power supplies and waste disposal, to name but a few will also enable the business owner to build up a clearer picture of the advantages and disadvantages of particular premises with respect to their locations.

Once the office space in London has been decided upon, commercial acquisition agents are extremely knowledgeable about co-ordinating a relocation within a specified timeframe; a job that would be almost impossible for someone within the company to orchestrate. Using a timescale, commercial acquisition agents can factor in certain events at certain times, ensuring that nothing is overlooked as the process gains momentum. The agent can also handle the use of solicitors, surveyors and critically will be responsible for the negotiating process, while senior management need only be party to the absolutely vital details involved, rather than poring over the minutiae of a lease.

Relocating during this economic downturn may be an absolute necessity, either for positive or negative business reasons. Using commercial acquisition estate agents not only allows you to secure the best commercial property London has to offer for your company, it also allows the company to continue its daily business with minimal inconvenience, whilst ensuring that valuable time and money are spent in the most constructive ways possible.

About the author

Shivani Gurtu-Louth - Operations Manager of Devono Property Limited (http://www.devono.com). Devono are the only commercial estate agents in London to exclusively represent tenants looking for office space in London. We can also help you find serviced offices in London.

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