Office Space Requirements on Rise in Key London Postcode
The office space requirements of those businesses entering flexible office space in the EC postcode of Central London are higher during the first 4 months of 2010 than 12 months ago according to statistics from specialist consultancy firm officebroker.com.
With 82 business centres offering serviced offices within the EC postcode, the choice on offer for businesses seeking a flexible workspace solution is varied. Often used by blue-chip companies for project work and by boutique businesses wanting to secure a presence in the Central LondonΓÇÖs prime business districts, serviced offices have become have continued to grow in popularity. So great is the appeal that 24 new serviced office buildings have entered the EC office market within 12 months.
But despite the continued appeal of these office spaces, the size of space being taken by new occupants was affected by the recession, with average workspace / workstation take-up falling nationally by 26% during 2009. But as the UK emerges from recession, those seeking office space in the EC postcode are once again doing so in greater volume ΓÇô supporting the idea a returning confidence amongst business owners.
Between January and April 2009 businesses entering serviced office space within the EC postcode had an average requirement of 4.9 workstations (desks), but during the same period of 2010 this requirement had risen by 18% to 5.8 workstations.
With serviced offices supplying fully furnished offices based on a per desk rate, this clearly shows that in 2010 businesses are choosing to accommodate a greater number of employees when setting up a new office space ΓÇô an encouraging sign for employment opportunities within this area of the city and the health of those businesses operating within it.