Now Accounting Firms Look For Cheaper Office Space
Global recession seems to have hit the accounting services industry hard, as many of the country’s top accounting firms are looking for cheaper office space to house their staff. KPMG, one of the biggest accounting firms is also currently looking for new office space with lower rentals to cut down its budget.
Despite having a six year lease period still valid for its current office space at
Experts in the office space sector state that a large number of companies are now prematurely getting out of their old lease deals, most of which are exorbitantly priced and are currently looking for new and cheaper lease deals. The current recession seems to have given them an opportunity to look for many new office spaces and desk space rentals that are now available at a much cheaper rent rates - click for info on desk rent UK - This has also been made possible because a large number of developers have slashed their rates to put some life into the otherwise sluggish property business.
Hill Dickinson, a reputed law firm, is also rumoured to be on a lookout and is planning to exit out of their current lease, which is still valid for 12 years. However, these are speculations and may not necessarily be true, as in case of firms such as Price Waterhouse Coopers, who have postponed their decision to this effect.
In addition to cutting costs on office rentals, KPMG has already switched to a four day week and has cut 200 jobs to curtail their costs.
