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 Products Chapter
The principal product offered by the industry is the provision of serviced office facilities in a business centre. However, changing market needs and technological advancements have caused other industry services to steadily gain prominence.
Serviced office services
Serviced offices are the largest product segment for the industry. However, over the past five years this share has declined, due to the rise of virtual offices and videoconferencing facilities. Essentially, serviced offices are fully furnished, fully operational office spaces typically suitable for immediate occupation. The appeal for many business operators is that leasing serviced offices is an all-inclusive payment with flexible cancelation policies... purchase to read more