Instant secured the ideal off-market workspace, at a fraction of the list price.

This leading global technology firm approached Instant to discuss high level availability and pricing for a large project in Central London. The search was linked to a critical lease date and was highly location sensitive, with both factors being primary drivers throughout.

To find a high quality workspace for 150 people across two teams, close to the client’s existing premises in Southwark SE1 and within a very specific timescale.

• Limited flexible office market expertise
• Proximity to client’s existing SE1 location was crucial as the teams would be travelling between sites regularly
• Client was fixed to a predetermined end date to coincide with group business activity across other existing locations
• The team had already been recruited, so space was required by a scheduled date
• Stringent internal approval processes, with any costs being scrutinised against traditional delivery models and approved by several internal stakeholders

• Instant benchmarked the whole market, covering both shared and managed workspace options to find the ideal solution for the client
• Instant produced a report indicating suitable locations plus a detailed breakdown of possible layouts to suit the client’s requirements
• Instant ultimately sourced an off-market shared solution comprising:
  
  • An SE1 location moments away from the client’s existing premises
  • 19,000 sq. ft. across a full floor within a new WeWork building - secured several months before the space had been made publicly available
  • Negotiation of a substantial discount (>40%) against list price
• Our client has the ability to tailor the space, creating the ideal layout for its teams with Instant’s support

• Improve decision making: Instant provided visibility of the whole market, benchmarking options to help our client make an informed decision about the best solution for its needs
• Leverage actionable insight: Combining market insight and local relationships, Instant secured the ideal off-market space for the client, months before it was listed publicly
• Enhance financial  performance: Instant negotiated a saving of over 40% against initial list price
• Attract, retain and enable talent: Instant ensured the client was able to create a bespoke layout within the space to match its team’s exact requirements