The Future of the Workplace

The last decade has seen many changes in the UK Office market and many are asking themselves “what next?”. Let’s look at what the future of the workplace has in store…

The Serviced Office_

10 years ago, serviced offices were associated with only one major brand, Regus. During this short space of time, the market has evolved and spawned more brands with varied offerings. This explosion of flexible workspace has brought with it technological innovations and a new way of thinking about how companies use space to achieve their business goals.

Many argue that the serviced office market was long overdue a renaissance and evolution. The economic atomisation of the economy has meant many smaller businesses are now able to compete with larger businesses. We believe this is due to the democratisation of technology, social media and general improvements in connectivity. This has created demand for smaller, more flexible space, but also a new financial model. A model that allows smaller companies to prosper and scale in a more linear fashion. But, without the cashflow constraints that traditional leasing is replete with.

An Office Space Revolution_

The collective efforts of both smaller businesses, and the new workplace providers who have sought to cater for them, has engendered new norms in commercial property occupation.

Aside from the obvious reduction of lease lengths, service provision, environmental considerations and amenity value have now become buzzwords. In essence, for traditional landlords the war has been lost, it is resolutely time to join the wave of modernity that is sweeping through our industry. The new world is different, but arguably more profitable and certainly more exciting.