Demand for flexible workspace continues to increase

May 2004
Management Services;May2004, Vol. 48 Issue 5, p7
Academic Journal
Occupancy levels at business centers across Great Britain recorded a small but continued increase during 2003, highlighting the fact that their flexibility and cost advantages benefits are being grasped by an ever-increasing number of businesses, both large and small. The survey by the Business Centre Association (bca) reports that average occupancy levels across the country increased from 76 percent to 78.25 percent during 2003, with a mid-season peak occupancy average of 88 percent. Average occupancy levels in East Anglia remained static at 61.5 percent during the year, while those in the North West declined from 88 percent to 84 percent and those in the South East decreased from 81.5 percent to 63 percent. The bca has more than 650 member locations and is the only British trade association representing the business center and managed workspace industry. Its survey, which examined trends in 12 geographic regions, revealed that eight regions recorded overall gains, two remained static while two recorded occupancy declines. With more than 80 percent of British business centers already members of the bca, the association is well placed to give free and impartial advice on relocation and how to find the perfect business center to meet individual needs.


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