The Serviced Office Leasing industry struggled during the recession when corporate profit declined and businesses closed. However, as the economy recovered, the industry experienced an uptick in demand for its services. In the five years to 2021, revenue will continue to grow as the number of telecommuters in the workforce increases.
Establishments in this industry rent or lease fully furnished office space to businesses on a part-time or as-needed basis to a myriad of businesses, ranging from start-ups to Fortune 500 companies. The industry also provides virtual office and conference room leasing options. Companies that provide conventional commercial leasing options are excluded from this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.