Increased uptake of serviced offices, as choice and quality mushrooms. It wasn’t very long ago that serviced office space was considered a rather modest answer to meeting your office requirements. Many people still (wrongly) believe that serviced offices offer bland, soulless, generic space.
However the supply of serviced offices – aka managed offices – has been growing at a consistent pace in the UK over recent years, with Central London having the lion’s share . Take up has been increasing at a similar or even greater pace to the opening of new serviced office centres, pushing rents up by about 10% in the past year.
Why are serviced offices becoming more popular?
- The standard offered by the operators is much improved in recent years. In London, far more creative & boutique style space is available than ever before, offering an excellent alternative to more corporate, characterless spaces.
- There is a shortage of conventionally-leased space throughout Central London.
- The speed of occupation compared with taking a conventional lease becomes ever more appealing.
- The limited term commitment continues to be attractive in this fast changing economic landscape.
Perhaps most notably, whereas serviced office use was once dominated by start ups and small businesses, it is now being taken by mid-sized companies and major corporates as well.
If serviced office space is for you, where do you start?
If you’re not sure if serviced fits your needs, please read our recent post on choosing between a serviced office and a conventional lease . If you’ve already decided that serviced suits your needs best, where do you start looking?. The number of serviced office operators has multiplied in recent years, making it even more difficult to discover all available options that fit your criteria.
We can help you find a serviced office
If you tell us what you are looking for, we will arrange for serviced office specialist, Jamie Robotkin to do the research for you, shortlist the best matches for your needs and then present you with the relevant options.
Did we mention his service is FREE?
Make contact with us now and we will take care of the rest
This is just one piece of the puzzle. We’re constantly answering the most important office search questions. See what else we’ve covered and what’s coming next.
For more essential tips and advice, have a look at The Knowledge - and for answers to your questions about London office space, check out our FAQs.
Michael Fraser
Michael started in the London property market in 1970. He has an extensive knowledge of the locations, owners & rental values within the office market hub.
