Central London offices have seen a rise in tenant demand over the last quarter of 2010.
Rents are forecast to rise over 2011 although the length of leases is not expected to significantly lengthen. The Central London Serviced office sector is poised to capture a segment of this market, with their flexible licences and all inclusive prices.Movehut.co.uk is reporting thousands of daily searches for serviced offices London. The search rate is expected to significantly increase as the weather improves and with ‘spring on the horizon’.
Serviced offices have played to their strength during the financial crises, providing readily available offices without long term commitments. Traditional Landlords and large funds, find it difficult to compete in this burgeoning sector, due to the management skills required and depth of local Knowledge the serviced office sector possesses.
Many tenants, particular start-up businesses, struggle to understand the requirements of Landlords and become frustrated at the time taken to negotiate and complete a typical lease.
Serviced office providers cater to this need. They offer all inclusive facilities, often providing telephone and internet services as part of a package. Any company that has had to deal with a utility company knows how much time can be wasted trying to organize basic services to be connected. Serviced offices in central London are case in point. How long would it take to locate the office of your choice, negotiate the lease and have all services connected by the right provider?
We asked one of Movehut.co.uk clients how long it would take to provide office accommodation of 1.300 sq ft, with all the furniture and services including phones and an internet connection. This serviced office provider would have this office space available the same day, with just a few hours needed to arrange the workstations.
For many companies requiring central London offices, the serviced office sector is providing a compelling alternative to traditional methods. When your choice is easily researched via a commercial property website, such as Movehut.co.uk the time and cost benefits are clear.
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