Why Corporates are Switching to Flexible Office space
Finance, insurance, and other large corporates are increasingly using coworking and flexible offices to open new markets and provide office space closer to where their employees live.
Coworking redefined
With the rapid growth in the coworking industry, the largest sector to make the switch to coworking is the Finance and Insurance industry. Corporates are ditching the traditional long-term leases of large office space and are enjoying the flexibility of coworking.
According to the CBRE Pacific Coworking Survey, the Finance and Insurance Sector are the largest occupiers of flexible office space accounting for 26% of survey participants.
Deutsche Bank, HSBC, and Bank of America are among some of the big players taking advantage of revolution in the way we work and joining tech players like Google, Amazon and Uber already using Coworking Spaces.
We understand that financial, legal and professional services often need their own private offices where confidential calls can be taken and client anonymity maintained and Serviced Offices in Coworking Spaces offer just that.
Perhaps for industries like these, the term "Coworking" should be refined to refer to:
Serviced Offices that offer privacy, ease of use, flexibility as well as cost effectiveness.
According to the GCUC global coworking report, there are currently 3.1 million coworkers in the world and the number is forecasted to nearly double by 2022. The largest growth is expected in the Asia-Pacific region. This astounding figure makes sense following the entrance of the likes of WeWork and the hundreds of other coworking operators both within the UK and across the globe. By getting a multi-billion dollar valuation, WeWork not only contributed to the disruption of the coworking industry, but raised a lot of awareness of this mode of renting and working.
Why do businesses rent flexibly?
Compared to owning, leasing and subleasing of commercial office space, renting flexibly offers a number of advantages, typically at the expense of a higher monthly rent:
Agile teams need the ability to scale up or down your team size without significant penalties or obligations. For growing businesses this is a big deal and allows them to keep their options open and scale relative to business demand.
Lean teams focus on getting down to business not managing infrastructure. A team without staff to manage facilities means the fit out, maintenance, technology and infrastructure as well as cleaning are all taken care of. Bliss.
Lower up front capital commitment - often with just two months prepaid. Much less than guarantees and three month bonds common with leases.
Licence agreements not leases. Typically less demanding, lower cost and lighter weight than a lease agreement, most operators have their own flavour of agreement. No two agreements or situations are the same, so it's always worth getting advice.
So, whether you're from the legal industry or a digital agency, coworking makes it easy to find office space that suits your businesses needs.
The Best Corporate Offices Available Now
London Office Space
Rubberdesk covers over 6.2 milliom sqm of Flexible Office Space. With a median monthly office rate at £630.00, and a median monthly desk rate of £250.00. Here's a look at some of the best corporate offices available today.
17 Person External Private Office in London | 665 sq ft
S22, 80 Strand London, WC2R
Private Office for up to 23 People
85 Tottenham Court Road London, W1T
Managed Office for up to 30 People with 3 Meeting Rooms | 2,952 Sq. Ft.
Level 4, 17 Slingsby Place London, WC2E
6 Person External Private Office in London | 204 Sq. Ft.
210, 81 Chancery Lane London, WC2A
30 Person Managed Office | 2,716 Sq. Ft.
Level 1, 3 Kingly Court London, W1B
32 Person Managed Office with 3 Meeting Rooms in London | 3,583 sq ft
Level 7, 100 Cannon Street London, EC4N
Manchester Office Space
Manchester has over 200 corporate offices available! Located in and around the CBD, there are plenty of options out there to suit you and your businesses needs.
112 Desks Private Office with Kitchen, 3 Meeting Rooms, and Phone Booths | 5,044 Sq. Ft.
100 Embankment Manchester, M3
6 Person Private Office in Manchester | 154 Sq. Ft.
29 John Dalton Street Manchester, M2
6 Person External Private Office | 240 Sq. Ft.
315, 56 Oxford Street Manchester, M1
20 Person Private Office in Manchester | 833 sq ft
Bloc, 17 Marble Street Manchester, M2
Private Office for up to 5 People
2 Hardman Blvd. Dept. XYZ, Spinningfields Manchester, M3
8 Person Private Office in Manchester | 320 sq ft
111 Piccadilly Manchester, M1
Leeds Office Space
With around 100 offices available, Brisbane has office space perfect for corporates! With affordable prices, convenient locations, and flexible lease agreements there's guaranteed to be an office for you!
Glasgow Office Space
Private Office in Glasgow for up to 6 Desks
300 Bath Street Glasgow, G2
Other Industries
- Corporates
- Digital Media Agencies
- Legal
- Construction
Unsure of which coworking provider to go with?
Here at Rubberdesk, we have some of the best Coworking and Managed Office Operators in the world who list their space. We've been busy collecting all the details about each of them in one place - so you don't have to do any leg work.
Local market experts with you every step of the way.
As specialist brokers in the flexible office market, Rubberdesk is across all the options, offers and availability. We have real time pricing for thousands of spaces listed by hundreds of providers to help find your next office.
It's EASY, FAST and FREE to use Rubberdesk.
Start by telling us what you need.
We'll give you a call back with a bespoke shortlist of options to discuss.
Or give the experts a call +44 (0)800 699 0655
