Most tenants will be represented by a broker and the great thing is that you don’t pay them the commission!
However, this assumption is wrong – you are paying the commission as it is factored into a higher licence fee.
Operators are paying agents up to 15% of the annual licence fee and of course this cost get passed on to you! Sometimes, you will pay a fee to your agent and he also gets paid by the operator – commonly known as double dipping.
A comprehensive service for converting office spaces into a flex office, which is a growing trend with the rise of hybrid work. We have the ability to manage the entire process—design, fit-out, systems, FF&E (furniture, fixtures, and equipment.) and finally operate the centre on your behalf.
There are multiple funds that will have flex office operators in their portfolio.
We can provide advice in the purchase/sale of an asset containing a flex office operator. Smaller agents may not have a flex office department and Alasdair Grievson can provide advice in tandem with an agency to help secure instructions for the purchase/disposal of flex office buildings.
Expert advice can also be provided for a potential flex office as an alternative use to an asset in a client’s portfolio if this asset is struggling in its current form.
A business plan was created for conversion of an office building into flex office operation including CAD plans of the proposed layouts and forecasts.
