As the number of empty spaces on high streets continues to increase, landlords are looking more and more to serviced office providers to fill the gaps. This would certainly be very convenient for start ups and small businesses who cannot afford big office spaces and perhaps would want to stay closer to home. This may also complement offerings on the high street by leisure providers who have recently taken up more vacant spaces. This in my view can only be a positive trend. Perhaps this pattern will allow the high street to regain a community and evolve as somewhere where you can rest, work and play!
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Are serviced offices set to take over the High Street?
This overarching desire emanating from occupiers of all types has enabled those serviced office providers to proliferate at a greater rate than any other sector – and also underpins the desire of the wider landlord class to consider their own provision of serviced or flexible space – as evidenced by moves from Landsec and the Crown Estate last year; and British Land in 2017.
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