Frequently Asked Questions
No. Speedly is an advertising platform. Owners and licensed estate agents list spaces here, and you deal with them directly.
We do not act for landlords or tenants, arrange viewings, negotiate terms or advise on a lease. That is the work of a licensed estate agent, so for anything about the deal, ask the lister or your own leasing agent. Searching and contacting listers is free.
Yes. We check that every estate agent is licensed before they can list on Speedly.
Each agent's licence number is shown beside their name on their listings, and you can look it up yourself on the Estate Agents Authority's website.
No. It is the asking rent. The rent and terms are for you to negotiate with the landlord and their agent.
Listings are posted by the listers themselves, and the rent and terms shown are theirs. Nothing is agreed until both sides sign. Your leasing agent can advise you on what to ask for.
The monthly all-in covers rent, management fee, rates, government rent and any A/C the building bills. Electricity is usually pay as used.
The monthly all-in adds the management fee, rates and government rent to the rent, using the lister's figures, or our estimate where they gave none. In most buildings, air conditioning outside office hours is billed by the hour. Water and the cleaning of the common parts are usually inside the management fee. Where a charge is not yet known, the total carries a plus sign: the real figure is that or higher. The all-in is an estimate, so confirm the final figures with the lister.
Market practice in commercial leasing is one month's rent from the tenant, but it is open to negotiation.
Some agents charge less, and an owner listing their own space charges nothing. Please check with the agent before you view.
Usually 2–3 months' deposit, plus the first month in advance.
A deposit stated in months is calculated using only the asking monthly rent. A newly formed company is sometimes asked for more, or for a director to guarantee it. Stamp duty on the lease and fitting out are extra. Every landlord asks for something different, and it can be negotiated, so check with your leasing agent before you sign anything.
Co-work usually has none. Offices and industrial units often get half a month to a month; a bare shell gets longer.
A bare shell needs fitting out, so landlords often allow more time, and larger spaces on longer leases can get 1–3 months or more. No law sets a minimum: it is agreed between you and the landlord. Ask your leasing agent what is usual for the building.
Often two years fixed, then a third year at your option.
Leaving earlier means surrendering the lease, which a landlord does not have to accept, or finding a replacement tenant they will accept. Most leases also require you to put the space back as you found it, at your cost. Some leases include a break clause; ask your leasing agent to go through the terms with you before you sign.
It depends on what the building allows. Ask your leasing agent before you sign.
How a space may be used is set by the building's Occupation Permit, its government lease and its deed of mutual covenant. An industrial building, for example, may not allow an ordinary office or shop, and some trades need a licence of their own. Speedly cannot advise on this.
Gross (GFA) is the biggest figure: your space plus a share of the lobby, lifts, stairs and toilets. Net is only the space you use, usually 60–80% of gross.
The share of gross you can use is called the efficiency ratio. Lettable sits in between: your space plus a share of common areas such as lobbies and toilets, but not the stairs or lift shafts. Buildings measure differently, so two spaces with the same headline size can have very different usable space. Each listing says which area it quotes. When in doubt, ask the lister.
Open the listing and tap the WhatsApp button, or call the number beside the lister's name.
On a computer, scan the WhatsApp QR code with your phone. The message names the property number, so the lister knows which space you mean. Some listings also have “Book a visit”, for a time the lister has opened. Or tap “Ask about this space” to leave your details, and we pass your question to the lister. See spaces.