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Serviced Office Leasing in the US - Industry Market Research Report

Publisher IBISWorld
Published Dec 01, 2024
Length 75 Pages
SKU # IBSS19493693

Description

Serviced Office Leasing in the US - Industry Market Research Report


Serviced Office Leasing in the US

Serviced office leasing servicers provide businesses with workspace renting and leasing options, including fully furnished offices, virtual offices and conference and meeting rooms. Its end users range from start-ups to Fortune 500 companies, particularly those within the digital services sectors. Prior to 2020, operators such as WeWork benefited from the rising cultural popularity of coworking. However, COVID-19 adversely affected servicers' performance in 2020 as social distancing concerns and mass unemployment forced establishment closures. Nonetheless, due to strong performance early in the period, revenue has been growing at a CAGR of 4.2% over the past five years, and is expected to reach $3.6 billion through the end of 2023. This includes an expected spike of 3.9% in 2023 alone.

Serviced office lessors 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. Lessors 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.

Table of Contents

75 Pages
ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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