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 Analysis Chapter
The Serviced Office Leasing industry supplies a product that has steadily gained acceptance as a cost-efficient alternative to traditional office accommodation and staffing. Serviced offices, virtual offices and short-term meeting room rental are now established features of the commercial property market and the industry is in the growth phase of its life cycle.
The consumerisation of technology has increased the popularity of workplaces outside of physical business locations and the home. Cloud computing and mobile devices have reduced the need for employees to be physically located close to the action. Although third-place environments, such as cafes, present themselves as affordable alternatives, they are unlikely to replace the formal workplace environment... purchase to read more