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 Products Chapter
The principal product offered 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, contributing about 62.5% of revenue in 2013-14. Over the long term, this share is gradually being whittled away by growth in the provision of virtual offices and videoconferencing facilities. Essentially, serviced offices are fully furnished, fully operational office spaces typically suitable for immediate occupation... purchase to read more