Does market data reveal a new pattern in the occupancy rate rise for offices?

A press release studying the recent increase in the rates of occupancy across the country. The information provided in this release will show the performance of the entire country and how this has affected realtors and estate agents.

Staffordshire, United Kingdom (prHWY.com) January 11, 2011 - Figures recently released suggest that in spite of regional variance, the country has shown an increase in the levels of its office vacancy rate across the country.

One expert in the commercial property market has said that the resilience by realtors across the office market was as a result of their ability to make new policies and draw in new companies.

Financial real estate consultant Morgan Cox said, "It is important for real estate advisers to change the way do business. If they didn't alter this or advertise commercial properties in advantageous ways then they wouldn't get the same level of interest in them."

He commented further that this could also illustrate why other areas still have empty retail outlets and offices, as the right type of business has not been focused on in the real estate commercial campaign.

The country has experienced higher rates in the past, even approaching 30 percent, however, according new statistics the new average is just 12.4 percent. Although, the measures to work out these statistics have not been made known.

That said, there have been key players moving out of various areas but as they have kept to the boundaries of their own company their move has not had a bearing on overall statistics. The statistics are only relevant to properties where the tenant is no longer in business. By this estimate, the figures are relatively low.

Real estate agent and expert at Move Today Steven Jones, commented, "Branching out as a new business during last year's economic climate was a brave move but one that upped the occupancy rate. Although, for many businesses it was an all-out success and meant that nationwide vacancy rates remained low."

Despite this move seeming to be a big risk it seems to have paid dividends and as a result there are signs of life returning to the country as a whole.

Jack Nielson at officebroker.com said, "It seems that the country has a highly adaptive market which can act in ways we don't expect. Accordingly, leasing for example London office space has been a hit. Not only will activity like this help to stabilise the market but it has allowed us to benefit from the subsequent growth."

He added, "It is well-known that on our path to recovery we have struggled, but independent retailers are pushing for improvements and we are all concerned with ensuring maximum occupancy."

This being the case then these latest vacancy statistics may reveal prominent signs of improvement for the country as a whole and may even mark a period of increased investor confidence. As a result of this, some are expecting a lot of new businesses to take the plunge before April.

Estate consultant with Moving Steady, Michael Williams commented, "We have noted that commercial retail sector has come in at an above average performance during the recession. Things really couldn't have been any better considering the circumstances. It is now thought that we'll experience growth as businesses start to benefit from renewed confidence in the market and new leases are taken up."

The only question is whether the recent trend has staying power and can be relied upon to make long-term decisions. It is only when this question is answered that we will know whether businesses can feel confident enough to invest their money in new offices or in the hiring of staff.

###

Tag Words: serviced office, office space rental, office rental, serviced offices, office space, office space to rent

Categories: Real Estate

Press Release Contact
Officebroker.com,
Sir Robert Peel Mill,
Mill Lane,
Fazeley,
Staffordshire,
B78 3QD
Phone : 0800 9777 770

Link To This Press Release:

URL HTML Code