Commercial property prices need to fall fast
July 21st, 2008 | by Adam Lucking |Property prices need to fall by 10% before the market really starts to move again and buyers start looking around for options. Patrick Vaughan from London and Stanford said that it is simply not the best time to consider buying commercial property and a serious reduction in price is needed to get buyers interested once more.
This of course is not good news at all for businesses looking to buy office space. So what impact will this news have on the serviced office industry? Choregus thinks that the news is a great opportunity for serviced office providers. With less people buying, there will be more need for rented office space and the serviced office sector will capitalize on the weak commercial market.
Serviced offices are ideal in the current climate as they offer cost effective, flexible solutions. Your monthly fee gets a stylish furnished office with the usual office facilities with access to extra services like administration and telephone answering support staff. More and more businesses from the small to large side are starting to use serviced offices.
Do you have plans to move to serviced office space? Are you looking to cut costs? Let us know.
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