Office space for rent continues to be in demand across the UK, as companies exercise caution as they emerge from the economic slowdown, it has been claimed.
According to Mark Dixon, Chief Executive of offices space provider Regus, firms who have weathered the recession remain reluctant to commit to purchasing buildings as premises.
Instead they are opting to cut down on fixed costs by choosing to rent instead until the economy stabilizes further, he said.
Mr Dixon commented: “More and more large and medium-sized companies are approaching us for flexible office space.
“They’re starting to expand again after the recession, but are much more cautious about taking on big extra costs.”
His positive assessment of the office space market comes as Regus confirmed that it had suffered from challenging operating conditions during the last year.
However, having posted a fall in profits of over £40 million for 2009, the nascent recovery has enabled the firm to grow more in the first three months of this year than the whole of 2009, Mr Dixon claimed.
Regus operates 150 serviced offices in the UK, with a further 950 premises under its control worldwide.