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  • 2 mins read

Is co-working killing dilapidations? If so, who should foot the bill?

Factoring in the cost of dilapidations to rent for serviced offices is likely to be a tricky accounting exercise - e.g. how far into the future should one look when estimating repair costs?  How much should be budgeted for contingencies?

Further, how do you account for tenants with unique fit-out requirements which may fall outside 'normal' financial analysis?  One way of dealing with it would be through detailed schedules of condition.  However, where the occupation is short-term, which tenants will want this up-front expense?

Link to related article: www.bisnow.com/london/news/commercial-real-estate/coworking-is-killing-off-dilapidations-so-who-should-foot-the-bill-100494?utm_source=outbound_pub_55&utm_campaign=outbound_issue_32007&utm_content=story&utm_medium=email&tceid=5d7b9ded989b6f0c1831c0e7

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