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 committing to long-term lease arrangements and permanent staffing costs.
The industry has flourished over the past five years, posting strong revenue growth in most years. This is due to improving economic conditions, which have kept business confidence positive for most of the period and helped boost demand from professional services and business tourism. Consequently, industry revenue is projected to grow at an annualised 3.5%... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Serviced Office Leasing industry displays moderate market share concentration. The four largest players will account for an estimated 43.0% of industry revenue in 2016-17. 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