Lease Expense Management for Office Occupiers.

Offices Intro

As hybrid working has become more common, and occupiers want more flexibility, shorter term leases and to be able to personalise their space to suit their brand. During the pandemic when offices were empty, costs reduced, but with staff returning to their desks, office service charges are now increasing at a rate of 8.27% (at the end of 2021). Pressure on expenditure has also increased due to rising inflation across the world and the impact of increases in gas and electricity charges.

VeriviTM is our own proprietary software platform. It provides visibility and control of service charges, insurance, rent data and more, across your property portfolio. Comprehensive data collection and detailed reporting functions mean that we can ensure ongoing lease liabilities across all expenditure headings are challenged, managed and controlled.

“IWG has worked with Assure since October 2018, initially undertaking a trial of twenty sites before being instructed to represent us across our whole UK property portfolio in 2019. Assure’s support has resulted in substantial improvements in the management of our service charge liabilities across our portfolio. Budgets and reconciliations are received in a more timely manner and Assure is able to utilise its substantial pool of service charge data to provide us with detailed benchmarking information, which assists us greatly with management of our property costs. I would recommend Assure’s services to any occupier of leased property who is keen to proactively manage their lease expense costs and ensure that they are receiving value for money from their landlords.”

    The Assure Index is focused on UK offices and represents the most up to date record of service charge expenditure across the UK commercial property market.


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