A survey of more than 500 serviced office clients at Avanta business centres across central and greater London, carried out by London First, has revealed that the majority are confidently predicting that their businesses will perform better than the UK economy during 2011.
London First, which works on behalf of the Capitals leading employers to make London the best city in the world to do business, found that 44% of those surveyed believe that the UK economy will stay more or less flat during 2011 compared with 36% predicting slow growth and just 2% favouring strong growth. Encouragingly, some 50% of those surveyed believe their businesses will continue to enjoy mild growth during the year with 24% predicting strong growth. Only 16% believe that their business performance will remain flat during the year.
Avantas serviced office clients were also asked whether the expected cuts in public expenditure would have any impact on their business, and whilst 35% said the impact would be mildly negative, 30% believe the cuts will have no impact at all whilst 20% claim the cuts would actually prove mildly positive to their business.
“The flexibility of occupancy that our business centres provide enables clients to upsize, downsize or even relocate, as required, in order to meet to the global demands on their business,” comments Geraint Evans, Avantas Sales and Marketing Director, “And this, coupled with a reduced total occupancy cost compared with a traditional long-term lease provides businesses with the agility and risk reduction they need to meet changes in the global economy head on.”
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