A recent study conducted by Remit Consulting found that nearly 60% of respondents would consider leaving their job if full time return to the office was mandated, a recent Deliotte study found that this number rose to around 75% for young people. Hybrid working is here to stay; creating a quality over quantity approach where potentially smaller space is required but that space must be attractive and more enticing to employees. This has been reflected in cost, with office space rent increasing in line with the quality. 

The increased rental prices have consequently been applied to the office sector as a whole in the 2023 revaluation, which saw the rateable value of office properties rise on average by 10.2%. 

Holloway Bond are specialists finding precedent to lower the price per m2 of office space as well as identifying ways to reconstitute your business rates valuation to reduce your costs.

Our expertise extends beyond tenants too, we have advised large serviced office providers and undertaken work for landlords looking to reduce costs for themselves and their tenants.

Please see below for examples of people and businesses in your sector that we’ve helped: