Industry Analysis & Industry Trends
The flexibility of serviced offices has galvanised the Serviced Office Leasing industry's position in the office property market. Clients have warmed to the concept of securing a prestigious office location without having to commit to hefty long-term lease arrangements and permanent staffing costs.
The onset of the global financial crisis and subsequent collapse in business confidence and private building investment took the industry from boom conditions to an abrupt halt. The magnitude of the correction in the late 2000s left in its wake a leaner and fiercely competitive industry that has steadily grown from the 2009-10 trough... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Serviced Office Leasing industry is in the growth stage of its life cycle. It is expanding at a faster pace than the general economy as it rapidly carves out a stake in the total commercial property market. The emergence of the industry corresponds with business managers looking for efficient accommodation choices.
Over the 10 years through 2018-19, industry value added is forecast to grow at an annualised 3.4%, significantly exceeding the projected growth in Australia's GDP of 2.5% annualised. This expansion will be accompanied by growth in the number of establishments (1.7% annualised) and employment (2.3% annualised).
Contributing to this growth is the culture change taking place in large organisations... purchase to read more