Blog


Thomas Campbell

Office life is not what it used to be and office property requirements aren’t either. The rise of the freelancer, the digital nomad, the hot desker and the peripatetic office worker sees serviced offices in demand as part of our changing work patterns. Thomas Campbell of Barker Storey Matthews - now part of Eddisons - Huntingdon makes the local case.

Our Huntingdon office has acted on a number of instructions for serviced office providers. One of the latest instructions is for one of the biggest providers in the sector, Regus .

In addition to Regus’s Gibson House on Ermine Business Park, we’re acting, currently, on two further sets of serviced offices at the South Fens Business Centre in Chatteris and The Knowledge Centre at Wyboston Lakes, near St Neots Additionally, in the same vein, are incubator-style units at Alconbury Weald and at Castle Hill House in Huntingdon.

Happily, we can report steady interest across all these instructions as the first quarter of 2020 progresses. It appears demand for office space to suit the more flexible way in which many of us work shows no let up as the second decade of this millennium gets underway.

Serviced offices suit a range of modern office occupiers. Those hot desking as solo workers or co-desking for small companies or start ups or as a co-location for an employer with a more substantial office presence elsewhere are all arrangements commonly catered for by serviced office providers.

A shared pool of meeting rooms, break out spaces or even boardroom level accommodation are often available to occupiers of serviced offices to utilise, as and when, make the serviced office an attractive offering to a growing slice of today’s office occupiers.

The benefits of serviced offices are that lease terms are usually flexible, leaning towards the short term. Rents, in the main, are inclusive to cover general maintenance - such as regular cleaning and wear and tear. Utilities are often provided for in inclusive rent terms too.

Some serviced office providers provide a ‘virtual office’ support service too and may offer an occupier a designated telephone line and ‘receptionist’, an allocated postal address and incoming and outgoing post service.

For serviced office landlords with national reputations, like Regus, a membership scheme is offered whereby its occupiers can access and use the Regus network of serviced offices across the UK.

As ever, with property, location is key and, in our experience, it’s probably second on the list of priorities to flexibility of lease terms.

Serviced offices need to be in highly visible and accessible locations. Here’s where Huntingdon and surrounding market towns in our district of Cambridgeshire are gaining ground.

Located near to the upgraded and ever improving A14 trunk road and with a direct train link to London King’s Cross and key railway interchanges on the East Coast main line, Huntingdon is an attractive business hub for a range of commercial occupiers - and those seeking serviced offices are no exception.

For more information on serviced office to rent or office stock suitable for serviced uses in Cambridgeshire, contact Barker Storey Matthews 01480 451578 or through bsm.uk.com.