The Serviced Office Leasing industry provides users with fully furnished office space for immediate use on flexible rental or lease terms. Over the five years to 2017, industry demand has grown strongly, supported by slowly recovering business activity, particularly entrepreneurial activity. Moreover, the industry is set to continue expanding over the next five years, albeit at a much slower pace. A combination of rising corporate profit and an increase in the number of businesses will support this growth while the strength of the overall economy will lead companies back to traditional renting markets. Businesses will increasingly turn to serviced office leasing providers that provide cost-effective alternatives to traditionally leased spaces.
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.