Serviced Office Space – Demand and Tenants Rise in East Midlands

The surge in new serviced office tenants and rising workstation costs in the East Midlands that began in the closing stages of 2009 has continued into the opening quarter of 2010 according to serviced office specialist’s officebroker.com.

In the latest of their Serviced Office Review Series, released quarterly, the East Midlands region is shown to have enjoyed a rise in both enquiries and tenants during the opening months of 2010.

Highlights within the report, which provides a detailed overview of demand, supply, take-up and the cost of serviced offices during the first three months of 2010, include a 37% increase in those enquiring about serviced office space as a viable workspace solution, and a 31% rise in the number of new tenants entering flexible office space.

While such increases provide good news for the 106 businesses centres offering serviced office space within the region, it is the 21% rise in workstation costs recorded during the same period that will no doubt be most welcome, after providers saw workstation costs decline by as much as 23% in 2009.

The report does however highlight several areas of the serviced office market which has performed less favourably, with the number of workstations placed per serviced office tenant (-46%) and initial license lengths falling (-24%).

You can download a full copy of the Serviced Office Review: East Midlands – Q1 2010 for free from the Stats & Facts section of the officebroker.com website. You will also be able to access 11 other regional reports from officebroker.com on the state of the serviced office market as well as regional and national reports for Q4 2009.

Posted by Jo Disney on: Monday, 26 April 2010 at 2:35 PM

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