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Average office costs remain stable | 23 May 2012

The cost of running an office has risen by three per cent over the last year, fm-world.com reports.

A new report by management consultancy Actium Consult has shown that business owners can now expect to pay around three per cent more for their offices that this time last year.

The Total Office Cost Survey found that rent now accounts for 35 per cent of the total costs for running a new office building, with rates adding on a further 15 per cent. Annualised costs, meanwhile, accounted for 14 per cent; whilst management was responsible for just two per cent.

Facilities management, meanwhile, came to a collective total of 34 per cent; divided into 23 per cent for hard FM and 11 per cent for soft.

Despite there being little change overall in the averages, there were great regional differences. Offices in Cambridge, for example, saw rents rise by 23 per cent. Aberdeen (18 per cent), London’s midtown (10 per cent) and the West End (seven per cent) also saw above average climbs. Milton Keynes, however, posted a drop of seven per cent.

Comparing new buildings with old, the report – published by actiumconsult.co.uk – claimed that rents on new buildings were 56 per cent higher than those for offices dating back 20 years or more. Energy costs were higher in older buildings, however, seeing a rise of 21 per cent for older offices compared to 19 per cent in new builds.

Written by David Howells on behalf of Qube Global Software

While posted by Qube Global Software all views expressed are not necessarily those of the company. All facts are verified where possible directly by the author.

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