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Lower service charges despite the higher quality environment

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Effectively managing overheads helps to ensure that the Courtyard achieves a higher quality environment with lower occupational costs.

Reedspace constantly compares the Courtyard outgoings with benchmarks such as Jones Lang LaSalle's 		space
OSCAR Service Charge Analysis for Offices, and Loughborough University's ongoing Service Charge Study.

In their 2009 report (published April 2011), JLL found that the average service charge (exc. insurance) for non - air conditioned buildings outside 		space
London was £4.87 per sq ft, whereas Loughbrough's average charge for 2009 was £6.02 per sq ft. Contrast this with the fact that the service charge at the Courtyard is around £1.25 per sq ft (inc. insurance), and you begin to understand why the Courtyard is so competitive.
 
 
spacerService Charges for 2011
 

Rates and total outgoings 2012
Unit Occupier Rateable Value
2010-15		 Rates Payable
@ 0.433		 Estimated
Service Charge		 Total Outgoings 2011-12 Net Area Per
Sq Ft		 Total Outgoings Per Sq Ft
1 The Pampered Chef £ 45,500 £ 20,475 £ 4,320 £ 24,795 3,239 £ 7.66
2 Chiltern House Partnership £ 23,750 £ 10,688 £ 2,315 £ 13,003 1,695 £ 7.67
3 Reedspace £ 34,250 £ 15,413 £ 3,652 £ 19,064 2,601 £ 7.33
4 Ostomy Lifestyle £ 27,750 £ 12,488 £ 3,652 £ 16,139 2,604 £ 6.20
5 Infigo £ 20,000 £ 9,000 £ 2,315 £ 11,315 1,670 £ 6.78
6 Online Network Services £ 22,875 £ 10,294 £ 2,315 £ 12,609 1,678 £ 7.51
7 John B Reed Ltd £ 22,875 £ 10,294 £ 2,315 £ 12,609 1,674 £ 7.53
8 Elixir Petroleum £ 23,250 £ 10,463 £ 2,483 £ 12,945 1,640 £ 7.89
9 Schlumberger £ 37,000 £ 16,650 £ 3,367 £ 20,017 2,500 £ 8.01
10 Schlumberger £ 23,000 £ 10,350 £ 1,993 £ 12,343 1,651 £ 7.48
11 Global Secure Systems £ 42,000 £ 18,900 £ 3,986 £ 22,886 2,959 £ 7.73
12 Smart Fibres £ 36,500 £ 16,425 £ 3,652 £ 20,077 2,637 £ 7.61
Total expected costs £ 161,438 £ 36,366 £ 197,803 26,548 £ 7.45