Serviced offices may be in high demand during uncertain times

There are various types of office for firms to take advantage of these days. For example, a rising number of organisations are opting to make use of serviced offices. One of the advantages associated with these working environments is the fact that they tend to come with shorter leases than their more traditional counterparts.

This provides companies with greater flexibility, which can be particularly useful during periods of economic difficulty and uncertainty.

Indeed, with this in mind, serviced London office space and so on may be especially attractive to bosses at present. The latest BDO Optimism Index, which predicts business performance two quarters ahead, fell from 93.1 in July to 89.1 last month.

This was the sixth consecutive month that a drop was recorded.

Meanwhile, BDO’s Output Index, which predicts short-run turnover expectations, also declined from 93.9 in July to 90.8 in August. This was its lowest point for 40 months.

Commenting on the findings, BDO’s Peter Hemington said: “The sluggish economic environment continues to elicit zig-zagging business sentiment, with confidence now at its lowest level since Business Trends began nearly 20 years ago. The government’s efforts to cut current spending may not be working out quite as planned, though we believe that the strategy in essence remains correct.”

By opting for serviced offices, enterprises can ensure that if they need to downsize their working space in future, they can do so relatively quickly and with minimal hassle. Conversely, if they need to expand to larger premises, they should also find the process straightforward.