Thames Valley Overview: Q4 2011
Workstation prices increased during the final quarter of 2011
Tracked as part of the Serviced Office Review series from officebroker.com, initial licence lengths were shown to have increased by nearly 2 months during Q4 2011 ΓÇô rising from an average of 8 months in Q4 2010 to 9.8 months during the same 3 month period in 2011.
While this initial licence commitment increased, so did the number of workstations required by businesses making the move to serviced office space ΓÇô with the average requirement of 4.2 workstations recorded in Q4 2010 rising to 6 workstations during Q4 2011.
Although larger more committed businesses were shown to have been utilising serviced office space during this 3 month period, both enquiry levels and the number of individual businesses moving to serviced office space decreased ΓÇô falling by 28% and 12% respectively.
Despite fewer businesses taking-up serviced office space during this period, the cost of securing this type of flexible workspace increased ΓÇô rising from an average of ┬ú246 to ┬ú262 per workstation per month during Q4 2011.
Further details on the activity recorded by officebroker.com during Q4 2011 can be accessed by downloading the Serviced Office Review: Thames Valley Q4 2011.
The report, which also includes YTD information and a national overview, is part of series that includes information on 13 UK regions and 7 key city centre markets. All of the reports published by officebroker.com are available to download for free from the Knowledge Centre.