We’ve been working with a number start up prospects and clients over the past few months, and it has dawned on us that there is potential for a new form of pricing model when seeking your first or next office space.
As tenant representatives we either collect a fee from a serviced office or co-working provider upon placing your startup, so no fee. On leased searches we charge the client 5% of the annual rental cost once we’ve found you a space, with no retainer or exclusivity.
However, some of our startup clients & prospects often wish to search the open market themselves. This can be a more frustrating process as many of the properties on the open market are under offer or terribly old – hence the need for an agent (we add; in conjunction with the expertise we provide during the process).
But how do you get access to the off market/ new to market properties and still manage the process yourself? Real Estate Grapevine may have a solution.
We are proposing charging £150 per week to provide you with those properties sourced through the exclusive agent networks that typically when the open market gets them may be too late. As a startup, you get to manage the entire process yourself, and renew on a weekly basis as you see fit. 50% of the initial fee is paid up front, and then the second half at the end of the first week, with subsequent renewal payments being at the beginning of the renewed week.
This is a pricing model that allows your company or startup access to vacant office space in the market that you may not of found previously. In the event you then choose to engage our expertise on an ongoing basis, then the initial payments paid will be deducted from the fee due once we secure the office space for you.
If this is something you wish to try, then please get in touch with us in the usual manner.