27 Aug

Expert: Demand for office space has increased

Expert: Demand for office space has increased

Demand for office space has increased, particularly from people made redundant during the recession and starting new businesses, according to one property expert.

A spokesperson from Regus, a world provider of workplace solutions, said that now is as good a time as any for people to set up their own business.

The comments follow the publication of the company's half-yearly results, which show that revenues are up by 9.8 per cent to £557.4 million and cost savings of £23.5 million were achieved on 2008.

"There have been a number of reports over the years that show that start-ups increase in times of recession and we are seeing the results of that," the representative stated.

The news comes after figures released by Barclays earlier this year indicated that the number of new businesses and start-ups remained at high levels in 2008, rising from 432,300 in 2007 to 436,600 the following year.


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