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Office Space Provider Regus: Potential of Increased Employment in 2011

Office Space Provider Regus: Potential of Increased Employment in 2011

Serviced office space provider Regus last week published their bi-annual Business Tracker, with over one-third of the 10,000 businesses interviewed stating that they intend to hire new staff in 2011. Should these intentions turn to reality then the office space requirements of these businesses will of course increase, a trend which is already being seen in research from the serviced office industryΓÇÖs leading broker, officebroker.com.

The Regus Business Tracker, which surveyed 10,000 senior business people from 78 countries, suggests that the intention to increase headcount represents a shift toward investment and growth and away from the off-loading of staff.

Evidence that businesses here in the UK, in which 34% of those surveyed by Regus stated they intend to increase staff number, may already be taking additional office space to accommodate such increases will be published next week, when the UKΓÇÖs larger serviced office space broker, officebroker.com, makes the Q3 installment of its Serviced Office Review series available.

In the Q3 reports, which are the only regular research published for the serviced office sector, Central London is amongst several key locations to have seen a rise in the average workstation requirements of the businesses entering serviced offices during the third quarter of 2010, with a 19% increase on Q3 09 levels being reported for Q3 10.

Other regions that will be revealed as having seen increased office space take-up between July and September 2010 were the North West (+41%), which includes the office space markets of Manchester and Liverpool, and Wales (+48%) in which office space in Cardiff plays a central role.

However, while workstation requirements in regions such as these have seen increased workspace demand, regions such as Greater London (-10%) and the West Midlands (-24%) have seen a reduction in the amount of office space required by firms entering serviced offices during the same period.

According to the officebroker.com data however, the amount of office space being taken by businesses for the year-to-date nationally remains 6% higher than during the same nine month period of 2009, suggesting that while regional variations are taking place overall requirements are on the rise.

The Serviced Office Review series also tracks changes in the demand, uptake, price and license length requirements of businesses entering the serviced office market each quarter. Each report in the series is available for free from the officebroker.com website.

ΓÇ£The intention to increase headcount is a clear indicator that businesses want to be prepared to grasp the opportunities that recovering markets may throw their way.ΓÇ¥ commented Mark Dixon, Chief Executive of Regus.

ΓÇ£The UK in particular, where unemployment which is not expected to drop noticeably in the coming 24 months is currently at 8% and fiscal accounts have deteriorated significantly, should take this result as a very positive sign of optimismΓÇ¥

Despite the intention to increase staff numbers however, the Regus Business Tracker also reveals that 41% of those canvassed are still looking to reduce overheads through other means.

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If you would like to be notified when the Q3 instalments of officebroker.comΓÇÖs Serviced Office Review series become available, email simon.jones@officebroker.com. Alternatively visit the Stats & Facts section of the officebroker.com website where you will also be able to access past instalments of the Serviced Office Review series.

To search for office space in the UK, or internationally visit www.officebroker.com.

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Author: | October 12, 2010 | 0 Comments

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