Demand for serviced offices in Croydon is set to grow in the second quarter of 2011, as the rental market re-awakens following one of the harshest winters on record. Croydon is statgigicaly well placed with access to the M25 and M23 Access to Central London is straight forward via car or train. However, costs are greatly reduced verus space per desk charged in London serviced offices.
Croydon lies on a natural transport link between central London and the UK’s most favoured economy, the South East. Many companies are seeking space in Croyden because of the facilities the town offers without the daily grind of commuting.
Movehut.co.uk have confirmed a 160% increase in searches for ‘serviced offices Croydon’ over the last two weeks. While data over two weeks does not constitute a firm trend, data for searches for office space within greater London have not seen the same increase.
Access to markets is likely to be a key factor in this emerging trend. If you look at the travel times from Northen Greater London to the weathly markets in the South East, this time cost is a major disadvantage. All who use the Northen loop of the M25 will confirm the uncertainties of planning travel movements.
Serviced offices in Croydon is now well established, with the main operators offering quality accomadation. Smaller operators also offer very good quality product and competing on price and service offering.
Movehut.co.uk are collecting data on Croydon to determine if the emerging trend is embedded and will compare this information to other towns within greater London.
offices have seen a rise in tenant demand over the last quarter of 2010.
Rents are forecast to rise over 2011 although the length of leases is not expected to significantly lengthen. The Central London Serviced office sector is poised to capture a segment of this market, with their flexible licences and all inclusive prices.
Movehut.co.uk is reporting thousands of daily searches for serviced offices London. The search rate is expected to significantly increase as the weather improves and with ‘spring on the horizon’.
Serviced offices have played to their strength during the financial crises, providing readily available offices without long term commitments. Traditional Landlords and large funds, find it difficult to compete in this burgeoning sector, due to the management skills required and depth of local Knowledge the serviced office sector possesses.
Many tenants, particular start-up businesses, struggle to understand the requirements of Landlords and become frustrated at the time taken to negotiate and complete a typical lease.
Serviced office providers cater to this need. They offer all inclusive facilities, often providing telephone and internet services as part of a package. Any company that has had to deal with a utility company knows how much time can be wasted trying to organize basic services to be connected. Serviced offices in central London are case in point. How long would it take to locate the office of your choice, negotiate the lease and have all services connected by the right provider?
We asked one of Movehut.co.uk clients how long it would take to provide office accommodation of 1.300 sq ft, with all the furniture and services including phones and an internet connection. This serviced office provider would have this office space available the same day, with just a few hours needed to arrange the workstations.
For many companies requiring central London offices, the serviced office sector is providing a compelling alternative to traditional methods. When your choice is easily researched via a commercial property website, such as Movehut.co.uk the time and cost benefits are clear.
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