In order to help organisations budget for an office, online broker FreeOfficeFinder has launched the first interactive price comparison tool for private and coworking serviced office space.
The tool demonstrates the stark difference in pricing between Central London, with the monthly desk rate for a private serviced office at £682, and the rest of the UK at £282 – a difference of 242%.
In addition to a chart that lets you sort areas by price, the tool features a map that provides a bird’s eye view on office pricing in nearby areas. Users can filter preferred areas and specify desk numbers to get an approximate price on their required office size.
Every three months the tool will be updated with area price changes, in addition to improvements to the tool based on user feedback.
Nick Riesel, managing director of freeofficefinder.com, commented “One of the biggest challenges faced in an office search is understanding the market price for an office. This new tool eliminates that problem, allowing a user to understand the average price for different sized offices in their chosen locations within seconds”.
FreeOfficeFinder used pricing data from over 2000 serviced offices that they monitor to support the findings.