{"id":2233,"date":"2009-07-29T08:00:15","date_gmt":"2009-07-29T07:00:15","guid":{"rendered":"http:\/\/blog.easyoffices.com\/?p=2233"},"modified":"2009-07-29T08:00:15","modified_gmt":"2009-07-29T07:00:15","slug":"price-war-catches-up-with-workspace-group-as-rent-roll-declines","status":"publish","type":"post","link":"https:\/\/www.easyoffices.com\/blog\/business-advice-and-news\/price-war-catches-up-with-workspace-group-as-rent-roll-declines","title":{"rendered":"Price War Catches Up with Workspace Group as Rent Roll Declines"},"content":{"rendered":"<p class=\"MsoNormal\" style=\"margin: 0cm 0cm 0pt; text-align: justify;\"><span style=\"font-size: 11pt; font-family: Verdana;\">Flexible <a title=\"Flexible Office Space Search\" href=\"http:\/\/www.easyoffices.com\/serviced-offices\" target=\"_blank\">Office Space<\/a> operator Workspace Group has reported that its rent roll is down for Q.2 despite a rise in occupancy levels.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin: 0cm 0cm 0pt; text-align: justify;\"><span style=\"font-size: 11pt; font-family: Verdana;\">\u00a0<\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin: 0cm 0cm 0pt; text-align: justify;\"><span style=\"font-size: 11pt; font-family: Verdana;\">The company has revealed that its rent roll figures fell by 2.9% during the second quarter to &#126;48m despite seeing increased &#8220;stability&#8220; in occupancy levels.<span style=\"mso-spacerun: yes;\">\u00a0 <\/span>In a statement issued by the company, Workspace Group commented: &#8220;Business conditions are challenging but customer demand is good, albeit with flexibility demanded on pricing, which has impacted the company&#8217;s cash rent roll.&#8220;<\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin: 0cm 0cm 0pt; text-align: justify;\"><span style=\"font-size: 11pt; font-family: Verdana;\">\u00a0<\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin: 0cm 0cm 0pt; text-align: justify;\"><span style=\"font-size: 11pt; font-family: Verdana;\">The impact of cost cutting to fill space appears to be catching up with the operator which specialises in SME accommodation, as rental values fall amid price cuts.<span style=\"mso-spacerun: yes;\">\u00a0 <\/span>In a report by Inigo Business Centres, published on the <a title=\"Easy Offices Home Page\" href=\"http:\/\/www.easyoffices.com\/\" target=\"_blank\">Easy Offices<\/a> news site yesterday, managing director Giles Curtis warned fellow operators of the dangers of participating in price wars.<\/span><span style=\"font-size: 11pt; font-family: Verdana; mso-ansi-language: EN-GB;\"> <span lang=\"EN-GB\"><span style=\"mso-spacerun: yes;\">\u00a0\u00a0<\/span>Mr Curtis wrote: &#8220;At the end of the day no matter how much prices are reduced there will be same number of businesses opting for our product.<span style=\"mso-spacerun: yes;\">\u00a0 <\/span>In the real world things have a funny habit of going full circle and in this instance all operators will end up with much the same occupancy as they would have had without the price cutting that is going on.&#8220;<\/span><\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin: 0cm 0cm 0pt;\"><span style=\"font-size: 11pt; font-family: Verdana;\">\u00a0<\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin: 0cm 0cm 0pt;\"><strong style=\"mso-bidi-font-weight: normal;\"><span style=\"font-size: 11pt; font-family: Verdana;\">Related Articles:<\/span><\/strong><\/p>\n<p class=\"MsoNormal\" style=\"margin: 0cm 0cm 0pt;\"><span style=\"font-size: 11pt; font-family: Verdana;\"><a title=\"Link to related serviced office article\" href=\"http:\/\/www.easyoffices.com\/blog\/index.php\/price-cutters-are-damaging-the-serviced-office-industry-according-to-inigo\/2220\/\" target=\"_blank\">Price Cutters are Damaging the Serviced Office Industry According to Inigo<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Flexible Office Space operator Workspace Group has reported that its rent roll is down for Q.2 despite a rise in occupancy levels. \u00a0 The company has revealed that its rent roll figures fell by 2.9% during the second quarter to &#126;48m despite seeing increased &#8220;stability&#8220; in occupancy levels.\u00a0 In a &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"ast-button\" href=\"https:\/\/www.easyoffices.com\/blog\/business-advice-and-news\/price-war-catches-up-with-workspace-group-as-rent-roll-declines\"> <span class=\"screen-reader-text\">Price War Catches Up with Workspace Group as Rent Roll Declines<\/span> Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","footnotes":""},"categories":[2],"tags":[1083,3478,3479],"class_list":["post-2233","post","type-post","status-publish","format-standard","hentry","category-business-advice-and-news","tag-inigo","tag-workspace","tag-workspace-group"],"yoast_head":"<!-- This site is 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&#8220;stability&#8220; in occupancy levels.\u00a0 In a &hellip; Price War Catches Up with Workspace Group as Rent Roll Declines Read More\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"bojangacanovic@gmail.com\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" 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