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 8,033,785 sq ft of flexible office space across the UK, with a median monthly office rate of £399 per person and a median monthly desk rate of £260. Here's a look at some of the best corporate offices available today.
20 Person Private Office | 791 sqft
6.02, 23 Goswell Road Clerkenwell, EC1M
11 Person Managed Office with Meeting Room | 860 Sq. Ft.
15 Adeline Place Bloomsbury, WC1B
Private Office for up to 48 People with 3 Meeting Rooms & Kitchen | 2,485 Sq. Ft.
Office 1.02, Chancery House, 53-64 Chancery Lane Chancery Lane, WC2A
10 Person External Private Office | 360 Sq. Ft.
127, 3 Orchard Place Westminster, SW1H
18 Person Private Office in Euston | 512 sq ft
24 Eversholt Street Euston, NW1
21 Person External Private Office in City of London | 725 Sq. Ft.
218, 219, 40 Gracechurch Street Bank, EC3V
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.
20 Person Private Office in Manchester with Internal Meeting Room | 833 sqft
Bloc, 17 Marble Street Manchester, M2
5 Person External Private Office | 175 Sq. Ft.
105, Level 1, 3 Hardman Square Manchester, M3
8 Person Office Available
18 Lower Byrom Street Manchester, M3
30 Person Managed Office in Manchester with Meeting Room, Kitchen & Breakout | 1,550 sqft
75 Mosley Street Manchester, M2
18 Person Private Office in Manchester | 420 Sq. Ft.
19 Spring Gardens Manchester, M2
44 Person Private Office | 1,770 Sq. Ft.
1 Silk Street Manchester, M4
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!
Private Office for up to 12 People | 491 Sq. Ft.
118 North Street Leeds, LS2
7 Person External Private Office | 230 Sq. Ft.
G05, 23 Park Square South Leeds, LS1
14 Person Private Office in Leeds
1 Park Cross Street Leeds, LS1
43 Person External Private Office | 1,740 Sq. Ft.
G01, G02, G03, G04, 22 The Headrow Leeds, LS1
Private Office for up to 5 People | 194 Sq. Ft.
118 North Street Leeds, LS2
7 Person Internal Private Office
7 Park Row Leeds, LS1
Glasgow Office Space
6 Person Private Office
110-112 Buchanan Street Glasgow, G1
Private Internal Office for up to 16 People | 414 Sq. Ft.
120 Bothwell Street Glasgow, G2
13 Person External Private Office | 504 Sq. Ft.
G03, 220 Saint Vincent Street Glasgow, G2
Private Office in Glasgow for up to 6 Desks
100 West George Street Glasgow, G2
Private Office in Glasgow for up to 6 Desks
300 Bath Street Glasgow, G2
5 Person Private Office
212, Level 2, 9 George Square George Square 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
