Office real estate stays steady in the tough year

Office real estate stays steady in the tough year

Are you looking for an office to rent? Then you would like to know what the rental price of the office space is. Unfortunately, the rents are not as easy to figure out as you might think. This has various causes. For example, there are two different types of rental prices. A price per square meter per year and a price per workplace or an office unit. That usually causes a lot of confusion. The rental prices of offices stay steady or continue to grow in 2019 and 2020. There is certainly more demand for offices to rent in large cities, especially around stations.

Office spaces wanted in big cities

In big cities, a shortage of office real estate is emerging. And in every city, especially around station areas, there is pressure on rental prices. Price is one of the decisive criteria while choosing an office. It is determined by a number of factors. The location and standard of the building have the greatest impact on the office rental price. Office rental price can diverse in the same building, which applies to coworking spaces and serviced offices. Offices in locations with high traffic are definitely more expensive than others. The more convenient and desirable location, along with the standard of the building, the much higher the office price.

Prices

A lot has changed in the office market in recent years. Thanks to the improved situation in the economy, the number of companies and, therefore, the demand for offices is increasing. The prices are rising rapidly due to the approaching scarcity. On the whole, it can be concluded that the rents have widened. The bottom of the market has continued to decline so that in some places you pay very low per m2.

Two types of rental prices

First of all, you should know that there are two types of rental prices that are used when you rent office space. These are rents per square meter and a rent per workplace. The rents for office space can be very different. In the first place, because they concern both the price per m2 and the price per workplace, which therefore consists of several square meters. That makes the comparison difficult, but there is another important factor, the service and delivery level.

Rent per workplace

Prices per a workplace can be found mostly in business centres and coworking spaces. If you are going to rent office space at such a party, you will see that when you recalculate the price per workplace to square meters, it will be higher. Why? The main reason for this is that business centres and coworking spaces offer all kinds of extra services. Sometimes all-inclusive, sometimes partially and in other cases entirely basic. There are also big differences between them.

Renting at a business centre, coworking space or office concept

Renting an office per workplace or separate workspace is usually done in a business centre, coworking space or office concept. In such a case, you share your office in a building or floor with different entrepreneurs and companies. Together you share the available facilities. In such situations, it is also not inconceivable that you meet new customers and business relations.

Price factors

As you have probably read, rental rates can vary widely. Various factors are at the root of this. For example, it is possible that the rental prices of office spaces can be as low as 35 euros per square meter per year, while top rents in big cities can run up to 420 euros per square meter per year. Substantial differences! So, if you want to rent an office in a superb location with good accessibility and parking lots, many services and plenty of facilities: you can expect a hefty rent. Therefore take the most important price factors into account, determine your priorities and choose the most suitable office space!

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