The Rise of the West End Serviced Office
CBRE and their joint venture partner Instant Offices recently provided figures showing serviced office take up in the West End. The published figures show there has been a gradual increase in take up of serviced offices since 2010 with a sudden step up in 2014 meaning over 400,000 sq. ft. of space is likely to be taken up by the end of the year. In comparison take up in 2011 was just 70,923 sq. ft. – a difference of 329,077; total serviced office space is currently at 3 million sq. ft. which shows a growth of 25% in the last two years!