Serviced Office Review: Central London Q2 11
The cost of office space across Central London has continued to rise during Q2 11, with new research from industry leader officebroker.com showing a 15% increase in the average price of a desk in the heart of the Capital.
Published in the Serviced Office Review Series, the only regular and freely available research conducted into the UKΓÇÖs serviced office market, the average cost of a serviced office workstation is shown to have reached ┬ú577 p/m between April ΓÇô June 2011.
This price, which reflects the overall average recorded across the EC, SE1, SW1, WC and W1 postcodes, represents a ┬ú76 p/m increase on the Q2 10 average of ┬ú501 p/m.
At an average of ┬ú577 p/m, the average cost of a serviced office workstation in Central London is reported to be ┬ú348 p/m higher than that of the national average (┬ú229) recorded during this same 3 month period.
The number of businesses actively enquiring about serviced office space via the officebroker.com service in Central London is also shown to have increased, with a 19% rise presented in the firms Q2 research.
This up-swing in enquiry and price suggests that the market is continuing to move forward, despite a disrupted trading period in April during which many firms appeared to delay the process of relocation.
To study the findings of officebroker.com in detail, access the Serviced Office Review Series for free by visiting the Research Portal. Here you will be able to view and download any of the 13 regional and 7 City Centre reports that make-up this comprehensive insight into the UKΓÇÖs serviced office market.
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