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

Friday, 30 August, 2019

Global Technology Company - Rethink Cost

Instant’s market expertise and support secured this leading technology firm the ideal off-market workspace in central London, 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
Our client: A leading global cloud platform and cognitive solutions company, which has continually evolved over the past century to remain at the forefront of technological innovation. This firm is the largest technology and consulting employer in the world, with more than 380,000 employees serving clients in 170 countries.
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