South East Q1: First Significant Rise in Workstation Costs Since 2008

officebroker.com has just released the latest regional report in the series of Serviced Office Reviews.

The South East review for Q1 2010 shows that workstation costs have risen by 9% when compared to the same quarter in 2009, increasing by an average of £25 to £277 per workstation, per month.

The overall quarterly increase of +9% during Q1 2010 represents the first sustained increase in average workstation prices for the South East since 2008, having declined by an average of -23% quarter-on-quarter during 2009.

Month by month analysis shows that within Q1 2010, February produced the most significant increase with a rise of 22% when compared to the same month last year. January produced +18%, but the average workstation cost in March dropped by -11%.

This overall uplift in workstation rates places the average cost per person for serviced office space in the South East above the national average of £242.00 – for the first time since Q1 09.

Other key findings from the South East Serviced Office Review include:

  • Enquiry levels increased by +38%
  • 20% increase in new serviced office tenants
  • Average number of workstations per tenant fell to 4.5
  • Initial license agreements decreased to 7.3 months
  • Enquiries for serviced office space in the South East during the first quarter of 2010 have shown significant improvement, with an increase of 38% when compared to Q1 2009. This is the second consecutive quarter where enquiries have risen (Q4 2009 produced a 7% increase), representing a positive outlook for the region.

    Find out more in the latest report from officebroker.com:

    Serviced Office Review: South East – Q1 2010.

    Posted by Simon Jones on: Friday, 23 April 2010 at 8:32 AM

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