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June 22, 2012

Serviced offices proving popular in North East region

Filed under: News — Tags: , , — Office Space @ 6:00 am

The North East of England has seen a substantial increase in the number of firms taking up serviced offices, it was recently revealed.

New research conducted by a leading commercial premises expert found that firms have been abandoning their traditional office accommodation in droves in order to take out serviced office space instead, with the serviced offices sector reporting a 35 per cent increase in popularity for the first six months of 2012.

Perennially popular because they provide occupiers with a solution for ‘immediate occupation,’ serviced offices consist of business centres managed by a firm that provides  integral services such as telephone answering and reception, while offering the flexibility of taking out exactly the amount of space needed by a firm – whether that be one single desk or an entire floor of the business centre.

Not only are serviced offices growing more popular, the research found that businesses are taking up more space than they did last year. Each business took up 18 per cent more space than they did over the same period of time in 2011 on average.

The only facet of the serviced office sector in the North East that didn’t exhibit any growth was average cost. 2011 figure saw average costs of £168 a month, while this year saw this price only increasing by a single pound to £169 – a negligible increase indeed. However, if demand levels increase to the point where serviced office supply begins to grow scarce, industry experts predict a rapid increase in the cost of securing serviced office space.

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