Milton Keynes, Buckinghamshire, MK9 2FR
The i2 Office Company has been formed to take advantage of the proven opportunities in the serviced and managed office market to deliver key services to three distinct target markets;
Companies and individuals requiring flexible, capital free but technology rich offices.
Owners of grade ‘A’ buildings seeking innovative ways to mitigate costs and deliver revenues from empty offices.
Existing tenants, striving to sublet surplus office space.
Historically many serviced offices have been solutions to problem buildings as opposed to the delivery of first class flexible accommodation, with state of the art technology. This has caused failure in some cases as discerning customers have focused on the better providers. There has also been pressure on pricing, as in almost every other aspect of economic activity, with fixed rents resulting in squeezed margins with those providers operating from conventionally leased property. Furthermore a number of the established providers have failed to maintain investment in their properties or their technology and this will lead to falling standards at a time when competition for occupiers is robust.
Institutional leases fail to respond to the changing character of occupational need in times of significant growth, as well as in periods of economic decline. Hence lease structures have adapted following each recession since the seventies to respond to changing tenant or more accurately customer demand. Further flexibility will be demanded as the markets move to stability and eventually renewed growth.
The significant and rapid re-adjustment of property values has given rise to serious challenges but also real opportunities. Many companies have trimmed their workforce, consequently reducing the total office based personnel and leading to a dramatic reduction in demand, falling rental values and the suspension of many proposed development projects.
However companies still require office accommodation but they need flexibility. Short lease commitments mitigate against tenant investment in fit-out and technology hence the serviced office market has great appeal. Additionally periods of economic recovery historically lead to significant growth in start-up companies an important component of serviced office demand.
Office, Relocation, Office to rent, Serviced Office Space
See main listing - i2Office