Scottish Office Space: Ahead of the Rest in Q4
Scotland recorded an increase in the number of new businesses entering its serviced office space during the final quarter of 2010, positioning it ahead of Central London and the remainder of the UK.
In the research from officebroker.com, published in the Serviced Office Review: Scotland Q4 10, it is revealed that the number of newly placed businesses entering serviced office space across the UK during Q4 10 reduced by an average of 26%.
Despite this nationwide trend, Scotland is revealed as having ΓÇ£bucked itΓÇ¥, registering the only quarter-on-quarter increase of any UK region during Q4 10 – having recorded an overall increase of 7% in the number of newly placed businesses entering serviced office space between October ΓÇô December 2010.
In addition to the increased number of Serviced Office Tenants (SOTS), workstation prices have also been shown to have increased during this period.
Based on the average workstation price of ┬ú221.00 recorded in Scotland during Q4 09, workstation prices have increased by an average of ┬ú33.00 during the same three months of 2010 ΓÇô taking the average price of a workstation in one of ScotlandΓÇÖs 170 serviced offices to ┬ú254.00.
Workstation requirements did however decrease, meaning that the average of 4.2 workstations per SOT logged during Q4 09 decreased to 3.6 workstations per SOT during the same period of 2010.
Serviced offices have become the ideal location to many businesses as they seek to secure a cost effective solution to their office space needs. With over 2,500 serviced office locations in the UK, and over 5,000 office locations worldwide, the serviced office industry has become an increasingly popular option for businesses ranging from start-ups to SMEs and even multi-nationals.
Other installments of the Serviced Office Review Series are also available to view or download from the officebroker.com website. In total the series tracks 12 regions of the UK and is published on a quarterly basis.