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 Analysis Chapter
Businesses have increasingly realised the benefits of serviced office leasing. This is particularly true for small owner-operator businesses, which have traditionally been based at home and relied on public spaces, such as coffee shops, for informal meetings. The industry has posted strong growth over the past five years, with improving conditions encouraging businesses to expand operations. Industry revenue is projected to grow at an annualised 3.5% over the five years through 2016-17, to reach $354.5 million. Revenue growth is expected to be more subdued during 2016-17, at an estimated 0.3%. Falling business confidence, particularly among operators exposed to mining industries and commodity prices, is likely to constrain industry revenue growth during the year... purchase to read more