Instant Offices have been instrumental in the acquisition of over 100,000 sq. ft of serviced and managed space in the City ...

With an ever increasing focus on our environment, even serviced offices are now going green...

Instant Offices increases its involvement in charity work by undertaking exciting projects that staff and associates will take part in...

Instant Offices relocated its London Headquarters from Knightsbridge to Paddington back in July this year due to continued success ...

Instant Offices welcomes a new consultant who joins the growing EMEA team...

The US executive suite market overall is in good shape. Rates are steady in most markets and competition is healthy. Economic and political market conditions are a concern for some, with a certain amount of caution from those looking to expand.

In the Australian market, Sydney continues to have high occupancy rates and Melbourne has experienced high demand in recent months, whilst Perth and Brisbane remain generally full.

In New Zealand enquiries have increased in both Auckland and Wellington. Singapore and Hong Kong are experiencing high enquiry levels despite Singapore's recent price increases, showing signs of a buoyant market.

What does the future hold?
Does the current uncertainty surrounding the financial market threaten the serviced office sector? We don't think so. The market is very different from 2001, it has matured and prices have never escalated like they did in 2001 and cannot fall like they did in the last downturn. The centres are also occupied by a much more diversified customer base and the serviced office sector is now firmly on the radar of most SMEs and large corporates alike.

The operators themselves are on the whole financially secure, many being debt free. A number have private equity backing to grow larger businesses. Four multi-million pound private equity deals have been announced in our sector in the last quarter alone.

The London serviced office market is at its hottest now for more than 6 years. Even with a record number of new centre openings in the past quarter, overall occupancy levels are at over 90% in central London.

Demand is outstripping supply and most new centres are opening having pre-sold 50%+ of their available space. There are still a number of larger spaces (100+ workstations) left but occupiers need to know where they are and move fast to secure the space!

High profile new centres that have opened in the past quarter include Millbank Tower, City Tower, More London, Bishopsgate and Royal Exchange.There are over 40 new centres due to open during the next 6 months in London alone.

UK - Steady she goes…

In the regions the market is much slower with average occupancies closer to 80%. The Thames Valley continues to suffer with occupancies in some centres at less than 60% - there are incredible deals to be done at prices per workstation as low as £200 in some locations.

The best performing markets outside of London are Edinburgh, Aberdeen and Brighton, with occupancies between 90 and 95%. The pipeline of new centres is also very exciting with over 100 new centres (over 2 million sq. ft) forecast to open over the next 12 months nationwide.

Global - What's hot? What's not?

The Middle East continues to be the hottest region in the serviced office world with new centres opening and filling up rapidly in Dubai and Abu Dhabi. We forecast the number of centres to double in Dubai over the next 12 months with expansions, new centres and a number of operators new to the region.