Serviced offices in London may perform well in 'patchy market'27th July 2010

Offices in London, including serviced offices, should perform well in the property market over the coming months, it has been predicted.

Andrew Burrell, partner in research at King Sturge, said in terms of the overall commercial property sector, however, the UK has been hit by uncertainty.

"There are strengths in the UK property market, but then there are also weaknesses; you wouldn't look very much to offices outside of London," he commented.

Mr Burrell blamed uncertainty about the election, the economy and the Budget for the "patchy" outlook of the industry.

His remarks come after the Royal Institution of Chartered Surveyors reported that the commercial property markets in South America, Asia and Eastern Europe are outperforming those in the eurozone for the second quarter of 2010.

While the net balance of UK surveyors reporting a rise in occupier demand fell from 14 per cent to minus four per cent, demand in Brazil climbed to 85 per cent.

And those looking for offices to let may want to consider Mr Burrell's comment that central London offices look strong for investment at the moment.

« Back to news list

 

Other News

Firms in serviced offices could benefit from better communication
Communication is key to motivating staff, including those in serviced offices, it has been suggested. Read More »
Decline in demand for offices to rent in London
Report shows growth has slowed for offices to rent in London. Read More »
Serviced office seekers could benefit from new government legislation
Small businesses hoping to rent serviced offices might benefit from greater financial access. Read More »

Register
A serviced office at Office Space in Town provides you with flexible office space so you can get on with running your business. Using a serviced office takes all the hassle away. We offer quality, good value serviced office space.
One of our virtual offices will create the right impression for your business. We offer a range of solutions from a full virtual office to call handling and business addresses at any of our locations. With a virtual office you can have a prestigious business address while working from home
Offering quality meeting rooms and training rooms in Edinburgh and Northampton. Suitable for meetings, training and conferences we also provide all the business and IT support you need to get the most out of your meeting. Our dedicated meeting room teams ensure your meeting and room hire is a success, with catering and drinks available.