Industry Analysis & Industry Trends
The Serviced Office Leasing industry has gained favour with an increasing number of businesses over the past five years. The flexibility of serviced offices has strengthened the 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 industry is catering to client desires by offering prime real estate instead of poorly maintained offices in mediocre locations.
The onset of the global financial crisis and subsequent collapse in business confidence and private building investment contributed to the industry's revenue losses over the three years through 2010-11... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Serviced Office Leasing industry is estimated to have a moderate market share concentration level. The four largest players will account for an estimated 59.7% of industry revenue in 2015-16. Industry concentration has remained quite steady over the past five years, as the leading players have maintained their hold on the industry. They have achieved this by adding large scale office space in the major capitals and leveraging their market profile to continually win customers.
Despite the presence of several substantial sized players, the industry is currently in its growth phase and comprises many very small operators contesting for a share in narrow regional markets... purchase to read more