The market in London continues to outperform others across the country, with Greater London now comprising 30% of the national market as more businesses seek out flexible workplace solutions. Central London, the City, West End and Southbank have all seen serviced office centre growth of over 10%.
The average rates in the capital have risen beyond levels previously seen at the height of the pre-recessionary market in 2008. This consistent growth provides further evidence of the increasing adoption of serviced office solutions among entrepreneurs and companies nationally.
In the regions, nearly all of the UK’s largest markets have experienced growth with respect to new centres, and corresponding increases in average workstation rates year on year.
The Manchester market has increased by 9%, with workstation rates increasing by 5%. Aberdeen, Bristol, Glasgow, Edinburgh, Belfast, and Cambridge have also shown significant increases in both serviced centres and desk rates compared to previous years.
Instant Offices’ research also suggests the wider range of solutions being provided by serviced office operators (from day offices to co-working space, and high-end luxury space to bespoke office configurations). There are more options for firms to find the ideal workspace than ever before.
Instant’s 2015 UK serviced office review analyses our market leading data over the past 12 months and presents a unique view of flexible property solutions.
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