50% occupancy for expanded business centre in City of London
A business centre located in the City of London, which has recently been expanded with the addition of a new floor, has seen the new space becoming 50% pre-let following a surge in demand.
The new floor of the building has undergone an extensive interior fit-out, and was opened for business earlier this month on 1st April 2010. However, the new floor has already had six new businesses sign up to take space even before the official opening.
Amid numerous reports of a resurgence in demand for quality serviced office space in the City, the centre has seen a 29% increase in workspace enquiries since the beginning of the year.
Operated by serviced office provider Avanta, the centre itself was only launched in January 2009, and within a few months of opening it reached an impressive 80% occupancy.
Managing Director of Avanta, David Alberto, said:
“With almost 700 enquires for workspace in the City since mid-January we are in a buoyant mood. New serviced office space traditionally takes 12-24 months to fill up, so pre-letting half of the new floor prior to opening is a good indication of a positive shift in demand.”
The centre, which is close to Liverpool Street Station, is located within an attractive property in a quiet square, offering a peaceful environment despite being in the heart of central London. The complex was originally a cluster of spice warehouses, and despite being fully refurbished, the building still retains many original period features.
Kirsty Lees, Central London Account Manager and team leader at officebroker.com, said:
“The office is located within a partially roofed square and benefits from tranquil surroundings, away from the hustle and bustle of the Liverpool Street area.”
However as Kirsty comments, the buzz of the City is never far away: “There are lots of cafes and bars in the square for the companies that work in the area, and they even had an ice rink at Christmas!”
Commenting on the business centre, Kirsty adds:
“The centre is spread across several floors and has its own unbranded reception. The offices have large windows with lots of natural light. Some of the offices are internal and overlook the atrium, but they still have good light due to the size of the windows.
“It’s a relaxed atmosphere and the building is not overly corporate, but it provides an excellent working environment for companies and of course has a great location.”
Click here to find out more about this City of London business centre.