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UK Serviced Office Review, 2012

Report Authors: Instant

Report Summary:

The serviced office market in the United Kingdom has witnessed steady growth over the past year in terms of both new centre openings and increased average workstation rates. As the country enters into a double-dip recession, the number of locations throughout the country has risen by almost 7% in addition to a 3% increase in average rates.

In parallel with the overall UK economy, the serviced office sector in London has outperformed the country’s other markets with growth of 18% and a market share increase of 2% points – now comprising 23% of the entire UK market. The increase in overall supply has not surpassed demand, and average rates in the capital have risen to levels not seen since the height of the market in 2008.

With the economic outlook still plagued by uncertainty, the serviced office sector has proven its resilience and appears to have scope for further growth.

About the Author:

Instant matches businesses with the perfect flexible office space. We use our expert knowledge of availability around the world to broker serviced offices, find leased space and operate managed offices.

Instant was founded in 1999 to bring the fragmented serviced office market into one online market place. Since then, our original business has grown rapidly, organically and internationally - and we have launched a number of important new solutions. With established offices in London, Sydney and Miami, revenues in the current year are forecast to exceed £24 million. We are well on our way to hit our goal of revenues of £100 million+ by 2020.

Instant is the clear market leader in all key global serviced office markets, providing more business to all these key operators as well as the vast majority of independents. We pioneered our Managed service and we’re now the market leader in the UK. Due to client demand, we have also set up new operations in the USA. Instant is privately owned by the management team and has no outside shareholders. We have no affiliation or partnership with any office provider and provide the market with an unbiased service.

Instant is the trading name for Instant Offices Ltd, Instant Offices Managed LLP and Instant Offices Holdings LLC.