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Office Space and Business Centres: State of the Union

5th February 2013 | Posted by Real Estate Grapevine Limited on Business Centres, Commercial Real Estate, Executive Office Space, Office Space / Tagged: business centres, coworking, Office, Regus, space | 0 comments

It dawns on me this morning, that while I have been driven to grow my twitter following through the sharing of information, that now is the time to put more depth into my site.

It’s one thing to have a position on office space and Business Centres expressed in 140 characters and share that position across Facebook and LinkedIn, but you, my loyal base need more, otherwise what’s the point?

So here is my state of the union as it where within the context of office space. Basically I have been reading about the current state of office space over the last 6 months and with no real geographic fix.

What I see and hear is that things remain the same as the last 12 months. Certain markets such as Asia seem to be cooling, and the traditional markets such as Europe and North America are developing signs of a pick up. London has become the most expensive city to invest in, as appears to be the case in Toronto. At the same token, investors are looking to these centres as safe havens for their money.

.com companies are popping up all over the place and seemingly defining what office space looks like these days. Where office space is concerned as a whole, business centres are also popping up all over the place, and coworking is becoming a brand extension as the punter seeks more flexible, more economic office solutions than the more traditional options, the traditional business centre is adapting, however.

Technology is behind this trend, and frankly as it gets more advanced, I don’t feel like the trend will evaporate. This is not your fathers office space! Look at the news of Regus adding business centres in gas stations, train stations, airports, office supply stores, adding retail locations, I heard a few weeks ago an idea for putting business centres in Hospitals. What about Malls?

While business centres remain providing traditional office solutions on more flexible office terms, furnished ready to use spots, with high end infrastructure, I feel that the desire for more creative space will make them adapt from the more conservative look and feel, to meeting spaces/ gathering spaces that are cooler, and more conducive to collaborative environments for the client to use; one business centre has added a video game room to illustrate this point.

We work an awful lot, the desire to make office space, a place that you look forward to coming to will be a strong component of design demanded by our kids that are now entering the work force. Work-Life balance may indeed merge in order to get more from our workers, or at least allowing them to work anywhere, anytime.

Whether this is good or bad, is not mine to define. I think having the freedom to work whenever isn’t so bad, maybe the traditional work week will phase into something else completely, and there won’t be a work week at all, just work and life.

Either way, there are options out there and the grapevine will continue to seek them out, share them and decipher. If you need help in this market, please let me know

Many thanks

REGV

← Dis-spelling Executive Office Suite rumour. Pt.1 – Costs.
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Do forgive us for the following post, and using th Do forgive us for the following post, and using this forum which we’d strongly resist typically. But our MD, off the back of the recent news of lockdown version 2, felt compelled to write to his constituent MP James Gray, to ask for his support in allowing gyms and fitness facilities to remain open during the lockdown. To be transparent, much of our trade, of late, has been focused on Gym/ fitness facilities, but it equally hasn’t escaped our notice that the healthier and fitter we are, the better we stand in beating any covid infections, before a vaccine is available, (and frankly, what’s wrong with being fitter and healthier anyway?) We don’t know!🤷‍♂️

Anyhow, we’d appreciate it greatly if anyone who feels the same way, perhaps could share this post using the tag: #stayfittofightthevirus, and see if we can’t garner a change of heart for this industry and for all of us as a whole. Even better still would be if you would contact your local MP also to spur the movement.

Here’s hoping it will help, this is the one and only time we’ll use this platform for a political post, but we hope you understand. Many thanks, Real Estate Grapevine Team.
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