Flexible workspace providers have taken up a significant amount of space in London over recent years, so much so, that the sector is now considered by landlords as a means of diversification as well as a letting opportunity. Major landlords are again looking to capture the premiums available for space offered on flexible terms by entering the arena of serviced office / flexible workspace provision.
Keeping control of a serviced office operation within your building or portfolio has its economic attractions if the operational platform is in place. Alternatively, outsourcing to a serviced office operator on a JV basis or outright lease could lower the risk and maintain property value. Or you may want to make a return on surplus space for a short interim period prior to re-development or re-occupation. Whatever your business objectives and how you see the market, Coverbridge can work with you and your retained real estate adviser to identify opportunities.