Which landlords are holding the key to a new flexible office life?
“Fully furnished, pay as you use, managed by someone else, all inclusive fees and flexible short-term leases” – sound attractive?
Forward thinking providers that combine their valuable office stock with a service that suits the new employer are looking like the game changers for our office sector.
Everywhere we look, there is an article on the reshaping of the traditional office model, from providing more flexible solutions like CAT A+ to fully serviced offices – a proposition that has been increasingly popular with start ups and freelancers, as well as, large companies reassessing their hot-desking models.
Whilst the pandemic has proved that anything is possible, as long as it is supported with technology – many are ready to get away from the home office! Flexible workspaces have been gaining popularity, providing a new way of working for our new life at work.
According to industry researchers by 2022, freelancers and start-ups will have doubled – resulting in the need for innovative landlords to continue with this rethinking of office space. In two years* demand for CAT A+ had increased by around 25% in London, with other cities following similar trends https://www.peldonrose.com/news-insight/features/the-rise-and-rise-of-cat-aplus/ and in some instances high rental premiums have been achieved.
For the past three years, we have seen the trend is definitely moving towards more co-working facilities and those that are fully serviced to provide the big office feel and collaborative working but not at big office costs – ‘plug in and play’ is a great concept. Whether CAT A+ or fully serviced, these are benefits all round – SMEs no longer want to take out long leases, fund their own refurbishments or spend time sourcing their internet connections. They want to be given the opportunity to set up and operate their new business with minimal hassle at minimal cost.
It seems that the future is going to be very different – landlords that rethink, collaborate and provide flexible solutions are likely to be those that thrive and survive.