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North East Office Space – Winter Weather Hit Serviced Offices Hard.

North East Office Space – Winter Weather Hit Serviced Offices Hard.

The lasting effects of the severe winter weather on the take-up of serviced office space and the serviced office industry throughout North East England has been revealed in a report from leading internet broker

In the companyΓÇÖs quarterly review of the supply, demand, take-up and cost of serviced office space, has revealed that the number of tenants entering this type of flexible workspace, often the breeding ground for start-up businesses and other SMEs, fell by 58% on 2009 levels during the opening three months of 2010.

This decline, which[url=[/url] suggests was the direct impact of the severe winter weather that affected the region during the early part of the year, came after tenant numbers had recorded there first sustained period of growth since 2008 in the closing quarter of 2009. [/p]

ΓÇ£As with other areas such as the North West and Scotland, the weather in the North East was extremely disruptive and forced many businesses to put their plans on hold.ΓÇ¥ explains officebroker.comΓÇÖs Head of UK Sales, Chris Meredith ΓÇ£Business owners in these regions were forced to focus on their core business needs and delay non-urgent moves until a later date.ΓÇ¥

While the decline in serviced office space tenants also pushed workstation price and size down, fresh enquiry channels and growing license lengths suggests that once the disruptive weather has washed away that increased interest and commitment could help to put the North East serviced office market back on track as Q2 10 begins to unfold.

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Author: | April 26, 2010 | 0 Comments

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