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 Key Buyers Chapter
The Serviced Office Leasing industry is estimated to have a medium concentration of ownership with the four largest players together accounting for about 40.0% of industry revenue in 2013-14. Industry concentration is gradually rising as the leading players add large scale office space in the major capitals and leverage on their market profile to win a larger share of the customer base.
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. Some office property management firms test the water in the industry by establishing serviced office facilities on one of more floors within their premises... purchase to read more