Demand for Serviced Offices Increases in Yorkshire & Humberside
The demand for serviced offices in Yorkshire & Humberside reached a 12 month high in the first quarter of 2010 – with 25% more enquiries for serviced offices being received by serviced office space specialist officebroker.com.
With the total number of serviced office enquiries falling by 7% in Yorkshire & Humberside during 2009, the 25% increase recorded in the opening months of 2010 is not only the biggest rise in enquires for over 12 months – but also the first.
This increase in enquiries coincides with both the economic recover and growing activity within the commercial property market and will be welcomed by the 225 serviced office providers operating with Yorkshire & Humberside.
With businesses beginning to take steps toward securing new office space, it will be hoped by all involved in the serviced office industry that this growing interest will result in increased occupancy levels and rising rents ΓÇô both essential in helping to recover from the damage inflicted upon what is traditionally a breeding grounds for start-up businesses and other SMEs ΓÇô both highlighted as essential to securing a sustained economic recovery.
Signs also emerged of increased confidence and commitments by those businesses entering serviced office in Yorkshire & Humberside ΓÇô with initial licenses averaging 8.6 months being signed by those choosing serviced offices as a workspace for their business needs during the same period. This commitment of 8.6 months from businesses placed Yorkshire & Humberside above many other areas of the UK where the average license length reached only 8 months.
These finding are from the Yorkshire & Humberside instalment of the Serviced Office Review Series from leading serviced office broker officebroker.com ΓÇô a copy of which is available to download for free from the Stats & Facts section of www.officebroker.com. Visitors can also access the 11 other regional reports that form the Serviced Office Review Series produced quarterly by the company for the benefit of the serviced office industry.