Serviced Office Giants Regus Plc has announced profits for the first half of the year despite the impact of the slowing economy on the Commercial Office Property Market as a whole.
Conversely, Commercial Agents are reporting continued losses this month with some of the UK’s largest including Cushman & Wakefield and DTZ announcing record losses and consequential redundancies within Commercial Property sectors.
This news comes as little surprise following months of speculations that operators of Serviced Offices had a good chance of riding the downturn. Amidst the crunch Serviced Offices continue to prevail thanks to the flexibility that they offer to businesses who are increasingly reluctant to commit to longer traditional leases. Perhaps the term “benefit” is a little strong, but with companies favouring flexible lease terms, the downturn has certainly not had a damning effect on Serviced Office providers who stand in an obvious vantage point over Commercial Agents and Landlords who may be hoping to secure 3 – 5 year Conventional leases.
The ability of the Serviced Office lease to allow companies to expand or down-size with ease, and so pay only for essential space, is having an apparent impact with Serviced Office operators keeping their heads well above water during tough economic times.
The Virtual Office concept also deserves a mention and is certainly playing a role in the benefits of the Serviced Office Operator, many of whom offer the service as part of their business activities. With an increasing amount of companies now considering taking a Virtual Office, either as a permanent or temporary solution, this is surely proving to be a lucrative side line for many. Easy Offices has seen a massive influx of Virtual Office enquiries over recent months and can see no immediate let up for companies favouring the service as a very viable alternative to committing to the overheads associated with leasing a physical office space.
For further information on Serviced Office and Virtual Office solutions in your area please call our sales team on 0800 085 5050 or click here to be taken to our main website.