In the final part of our blog series on serviced office growth in markets around the world, we’re taking a closer look at some interesting facts and statistics from the presentation that Instant’s Patty Vozzo gave at the Global Workspace Association conference, which took place in Atlanta, USA in September.
Facts and figures
The following facts and figures refer to the time period between July 2011 and July 2013.
- Regional growth: Regionally, the Asia-Pacific serviced office market increased by 26.7%, followed by the EMEA region (Europe, Middle East and Africa) at 25.1%. The UK’s serviced office market, meanwhile, grew by 13.3% of the same time period, and the Americas increased by 13%.
- Open centres: Between July 2012 and July 2013, open centres increased by 9.1% globally, with a 3.6% rise in North America alone.
- Average contract size: In the US, the average contract size is 2.6 desks. In the UK, the average is 5.7.
- Headcounts per contract: As far as headcounts per contract are concerned, there has been a yearly increase in all regions except for Canada between July 2012 and July 2013.
- Industries: Financial services represented 19% of the occupiers of serviced offices, followed by technology and IT firms at 16%, and business services, consulting and manufacturers at 7% each.
These statistics provide us with insight into the growth of the serviced office sector markets around the world. Whilst the serviced office sector continues to grow in established markets such as the US and the UK, emerging markets are predicted to undergo some of the fastest growth in the next decade. For greater insight into serviced offices and emerging markets, do give our previous blog post a read.
For further statistics and research reports, visit the resource centre on our website.
Note:
An open centre is defined as one individual business centre that is currently in operation and providing serviced office space to tenants. One provider that has multiple floors within a building is counted as one centre. If there are two different providers in the same building (usually on different floors), then this is counted as two unique centres.