Rise In Demand From Firms For Space In Bristol Centre
A Greater number of businesses turned to serviced offices in 2011
The data, published by market leader officebroker.com, reported a 19% increase in the number of businesses signing-up to serviced office space when compared with 2010.
ItΓÇÖs believed that the alternative to traditional office space has increased in popularity as businesses choose to make flexibility a top priority.
The average size of office taken by firms during the period was also found to have increased by 10% partly driven by larger firms also keen to secure more flexible terms.
There was also a 19% increase in average price per workstation which rose from ┬ú194 to ┬ú231 in 2011. ItΓÇÖs thought that a surge in demand for space, resulting in reduced availability across the city centre, was one of the main factors behind the rise.
Chris Meredith, UK Head of Sales at officebroker.com, said that the increased take-up of serviced office across central Bristol reflected a growing need for flexibility amongst local businesses.
Mr Meredith said: ΓÇ£The most expensive space is dead space. It is therefore increasingly important for businesses to maximise their resources – and serviced offices are an effective way of achieving this.
ΓÇ£Across central Bristol both the number of businesses enquiring about and securing flexible space increased during 2011 ΓÇô highlighting that decision makers are re-thinking their approach and seeking out the best way to achieve this for their respective organisations.
ΓÇ£The activity seen in central Bristol is good news, suggesting that positive solutions are being sought in order to keep business moving. As a regional hub, it is hoped the positive activity seen in Bristol will eventually begin to filter out to the whole of the South West.ΓÇ¥
Where did this appear?
Pulished in the Bristol Evening Post WB 23/01/12