Business Centres for sale or to let

I have a selection of centres which can either be purchased or let on my web site

Check them out at http://www.thebusinesscentrespecialist.co.uk/business-centre-opportunities.php

 

Posted in Uncategorized | Leave a comment

Old DocksHouse Preston

Old Docks House Preston

The most prestigious offices in Preston is now launched

WRKSP-DocksHouse-Minibrochure (2).
Formerly, the main dock office for Preston, this art deco
masterpiece has been lovingly restored and refurbished, and
ready to take on board businesses that are really going places.
Luxury offices and breakout areas are now available for all
company sizes, with a wide range of first class facilities available.
From a stunning, art deco panelled boardroom with flat screen
unit for presentations to beautifully restored porcelain
bathrooms – every detail is covered to help your business run as
smoothly as possible.

Posted in Uncategorized | Leave a comment

Opportunity to purchase an existing business centre and two outstanding opportunities to create new business centres.

I have a client in Scotland who wishes to sell his existing business centre as a going concern

If you are interested in Sheffield, there is an opportunity to create a new business centre. The landlord will assist in the funding of the fit-out provided suitable terms agreed. A rent free and stepped rental is a possibility.

In Preston, my client has property which is income producing but it would be better managed as a business centre. The landlord will also assist in the funding of the fit-out provided suitable terms agreed. A rent free and stepped rental is a possibility.

Contact me at thomas.m.stokes@gmail.com for details or on 07879485898

Posted in Uncategorized | Leave a comment

Brexit and the Flexible Workspace Market.

Just published in http://allwork.space/2016/07/tom-stokes-brexit-and-the-flexible-workspace-market/

Now that the initial shock of the Brexit referendum decision is over, it is perhaps appropriate to consider how this will affect the property market and specifically the flexible space market.

Mainstream property has been suffering and shares in some major property companies and funds have been suspended – but what will happen in the flexible market? By this, I am talking about serviced offices, managed workspace, light industrial units and coworking centres. ie, anything multi- occupied and let on flexible licences.

Possible outcomes of Brexit are that businesses shed workforce or even close and move abroad. Alternatively, they may delay investment decisions or not commit themselves to taking new leases.

On the plus side, our market occupies a strong position. There is plenty of evidence that over the past two years the amount of space occupiers have been taking in flexible environments has grown substantially. Research by Instant Offices shows that the flexible space sector grew by 11% last year with little effect on occupancy levels. The growth in coworking space is predicted to continue to grow exponentially.

But will this continue post Brexit?

Although it’s too early to know, the clues lead us back to the start of the last recession in 2007, when flexible space operators saw an increase in enquiries for smaller spaces as firms decided to shed staff. Many people decided to go into self-employment, start their own businesses rather than seek paid employment. Approximately a year later, the public sector, under pressure with their budgets, also started to shed their workforce and these helped create demand for small spaces as individuals decided to set up their own businesses.

Over the past few years the UK has seen unprecedented growth in start-up enterprises fuelling the demand for small flexible spaces and coworking. With the advent of modern technology it is now possible to work remotely anywhere. One possibility therefore is that the UK will adjust to the Brexit shock and eventually create more small businesses simply because many individuals will have no real choice or alternative.

The logical choice for these firms is to either take space with genuinely flexible easy-in, easy-out terms or adopt more flexible working arrangements, which allows their workforce to work locally.

In this scenario, the flexible workspace industry will be one of the main beneficiaries.

Brexit has caused uncertainty and one of the possible outcomes of any uncertain market is that longer term decisions are postponed. Again, the flexible workspace market can benefit when companies decide to reduce their risk by taking space on flexible agreements. The benefits of this are well known in the sector and provided the benefits are widely publicised, the sector can continue to grow.

Posted in Business Centres, Uncategorized | Tagged , , | Leave a comment

Business Centre Seminar – 29th June 2016

If you would like to attend our next seminar please let me know.img170

Posted in Uncategorized | Leave a comment

Office Pods

It would seem that one of the essential ingredients of a co-working centre is the need to have a quiet space for customers to make private telephone conversations or hold private meetings.

Office Pods may be the solution for this but in addition, they can be used to fill under-utilised spaces or create additional lettable space to increase revenue.

Let me know if you want details

Posted in Uncategorized | Leave a comment

Flexible Workspace Still a “long way short” of Mainstream Acceptance

Flexible Workspace Still a “long way short” of Mainstream Acceptance

Office building (Vladimir Kudinov)

Tom Stokes FRICS, former Managing Director of Evans Easyspace and a consultant to the flexible space sector, discusses the industry’s lack of mainstream recognition at regional level and asks, what must be done to promote the serviced office market and educate traditional property professionals?

In the past year there have been a number of reports about the flexible space market by large property consultants.

DTZ published their reports on ‘The Coworking Revolution‘ and ‘How You Work.’ Deloitte reported on ‘The Growth of Serviced Offices‘ and whilst about London, its conclusions could have applied to most parts of the UK.

All this would suggest that the flexible space market has turned a corner and is being accepted by the mainstream property industry.

That is far from the truth.

At a local level, and outside London, when a client requires a valuation or a report on their property the local surveyor clearly does not understand the serviced market and questions why they are not offering more traditional FRI (Full Repairing and Insuring*) leases.

The property market has strengthened since the end of the recession with more occupiers in the market. Coupled with little development outside of London, and the availability of property shrinking due to offices being taken off the market and converted to residential, it has caused a shortage of supply and resulted in the property industry reverting back to its preferred position of requiring FRI leases.

Yes, there is evidence of shorter and more flexible leases. But these are a long way short of what the flexible space market is offering.

The flexible space market has changed considerably over the past few years and is continuing to evolve. This is driven by technology, occupier demand and a new generation of workers entering the workplace. Many operators are now struggling to catch up.

So where does this leave the traditional property market? In my view, it is falling further behind what occupiers actually want and this could hinder the growth of our sector.

To ensure that there is a supply of suitable properties available for our sector to facilitate growth and to ensure that there is a strong market for owner occupied business centres, it is up to us all to promote the flexible space market and educate the property professionals.

What do you think can be done to raise the profile of the serviced office industry at regional level? Share your thoughts @OfficingToday or viaFacebook.com/OfficingToday.

*FRI lease: An abbreviation of ‘Full Repairing and Insuring Lease’. An FRI lease imposes full repairing and insuring obligations on the tenant, thereby protecting the landlord from the cost and liability of insurance and repairs.

Posted in Uncategorized | Leave a comment