Positive Signs for Greater London
Demand for serviced office space in Greater London is on the rise, with data from officebroker.com revealing a 9% increase in enquiry levels during 2011 compared with the same five month period of 2010.
With the economy emerging from the recession and businesses keen to retain flexibility, serviced office space continues to provide a solution to this current market requirement.
Companies looking to minimise outgoings, as well as the many start-ups who find themselves reluctant to commit to long term leases, seem to be turning to the convenience offered by a serviced office environment. This is supported not only through the increase in enquiries, but also by a 25% increase in the number of new businesses entering serviced office space since the beginning of 2011.
A positive sign for the hundreds of serviced office providers across Greater London, who witnessed a 17% decrease in average prices following the recession, can also be seen ΓÇô with the average workstation price rising from ┬ú257 in 2010 to ┬ú280 in 2011. License lengths were also shown to has increased.
officebroker.com is continuing to predict that during 2012 these increases will continue, returning to and even exceeding the peak prices recorded during 2008.
officebroker.com defines the Greater London region as areas located within the following postcode prefixes: BR, CR, E, EN, HA, IG, KT, N, NW, RM, SE, SM, SW, TW, UB, W.
To learn more about officebroker.com’s stats and facts across Great Britain, explore the Serviced Office Review research reports by clicking here
The serviced office review for Q2 2011 will be available mid-July