Office Space Requirements Rise Despite Reports of ΓÇ£JoblessΓÇ¥ Recovery
A survey of over 2000 businesses by recruitment firm Manpower has pointed toward a ΓÇ£jobless recoveryΓÇ¥ from recession. But as monthly statistics from office space expertsΓÇÖ officebroker.com show, workspace requirements throughout the UK have enjoyed a period of growth in the opening months of 2010.
According to the Department for Business, Innovation and Skills the SME sector accounted for 59.4% of UK employment in 2008 ΓÇô the same sector which often base themselves in the 2500 + serviced office business centres located throughout the UK.
With large numbers of SMEs utilising these serviced offices, the trends seen within the serviced office market can provide a valuable insight into how much workspace businesses are currently requiring ΓÇô in turn pointing toward the number of employees working within them.
As can be seen in our graph, average workstation requirements throughout the UK in the opening months of 2010 have almost continuously exceeded those of the same period in 2009, suggesting businesses are increasing the number of employees they are able to accommodate within their office space.
While it is possible that this additional space may not always result in an additional employee, although given that space is charged on a per desk basis it would seem uneconomical and unnecessary if not, the steady rise in the space being taken shows that it remains a possibility and that the resources are being put in place to support such activity.
Clearly the statistics from officebroker.com will only account for office based businesses, a factor which would seem to be supported by the Manpower survey having revealed that employers in finance and business services, both traditionally office based, were most positive about job prospects in the coming months.
Additional results from the survey showed firms in the south-east of England were most optimistic about employment, while those in the west Midlands were least optimistic and employers in London were slightly less hopeful of taking on new staff than they were earlier this year.