Demand for Virtual Office Space Increases in Australia
Recently businesses have been jostling for serviced office and virtual office space in the Central Business District of many primary cities throughout Australia. As a result, the demand for serviced offices and virtual offices has significantly increased and has begun to overflow into the suburbs of some of the major cities in Australia.
Traditionally, serviced offices and virtual offices have been seen as a luxury item; however, due to the overflowing demand for Central Business District office spaces, the demand is outweighing availability. The concept has recently exploded to the point that the world’s biggest and second biggest providers of serviced offices and virtual offices have annual turnovers of £507.5 million ($1.12 billion) and $200 million respectively.
Serviced offices and virtual offices in Perth have full occupancy since the demand for space began last year. The office space is being occupied by fledgling companies as well as larger companies employing staff at a location for the duration of the project.
Regus Group which is the largest provider of serviced office and virtual office space globally had revenue last year of £507.5 million. The company currently has 950 centers in 400 cities and 70 countries with 19 centers located in Australia. Clients include Google, GlaxoSmithKline, IBM, Nokia and Accenture. Regus Group began its Australian serviced office and virtual office facilities in Perth with facilities in St. Georges Terrace at the Forrest Center, Council House, and the Legal and General Building at 267 St. Georges Terrace.
ASX-listed Servcorp which is the second largest provider of serviced office and virtual office space began with one office in the MLC Center in Sydney and currently has an annual turnover of $200 million. The company has expanded to 23 cities and has offices in 14 countries that include Australia, New Zealand, Japan, Singapore, Thailand, Malaysia, France, Belgium, China and the Middle East. It also has one floor of serviced office and virtual offices in the AMP Tower in Perth, and one in Central Park.
Traditionally, serviced offices and virtual offices have been seen as a luxury item; however, due to the overflowing demand for Central Business District office spaces, the demand is outweighing availability. The concept has recently exploded to the point that the world’s biggest and second biggest providers of serviced offices and virtual offices have annual turnovers of £507.5 million ($1.12 billion) and $200 million respectively.
Serviced offices and virtual offices in Perth have full occupancy since the demand for space began last year. The office space is being occupied by fledgling companies as well as larger companies employing staff at a location for the duration of the project.
Regus Group which is the largest provider of serviced office and virtual office space globally had revenue last year of £507.5 million. The company currently has 950 centers in 400 cities and 70 countries with 19 centers located in Australia. Clients include Google, GlaxoSmithKline, IBM, Nokia and Accenture. Regus Group began its Australian serviced office and virtual office facilities in Perth with facilities in St. Georges Terrace at the Forrest Center, Council House, and the Legal and General Building at 267 St. Georges Terrace.
ASX-listed Servcorp which is the second largest provider of serviced office and virtual office space began with one office in the MLC Center in Sydney and currently has an annual turnover of $200 million. The company has expanded to 23 cities and has offices in 14 countries that include Australia, New Zealand, Japan, Singapore, Thailand, Malaysia, France, Belgium, China and the Middle East. It also has one floor of serviced office and virtual offices in the AMP Tower in Perth, and one in Central Park.
Labels: Regus, Servcorp, serviced office, virtual office
Posted by Moveandstay
2 Comments:
Hey whats the difference between a virtual office and real office? Does that mean I own the virtual office too? Is there space allocated?
A real office is bricks and mortar, you either usually own it or pay rent on it. With a virtual office you can work from home and have your business address located elsewhere, have your business calls answered for you, your mail forwarded to you. A virtual office allows you to give the impression to your clients that you actually have an office. And it does not cost a lot to set up too.
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